3EDGE Asset Management LP Reduces Stake in John Hancock Preferred Income ETF (NYSEARCA:JHPI)

3EDGE Asset Management LP lowered its stake in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,695 shares of the company’s stock after selling 831 shares during the period. 3EDGE Asset Management LP’s holdings in John Hancock Preferred Income ETF were worth $1,142,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CWM LLC increased its position in John Hancock Preferred Income ETF by 43.0% in the third quarter. CWM LLC now owns 5,066 shares of the company’s stock worth $118,000 after buying an additional 1,523 shares during the last quarter. 1620 Investment Advisors Inc. grew its stake in shares of John Hancock Preferred Income ETF by 2.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 49,740 shares of the company’s stock worth $1,156,000 after acquiring an additional 1,383 shares during the period. Farther Finance Advisors LLC purchased a new stake in John Hancock Preferred Income ETF in the 3rd quarter worth about $114,000. Janney Montgomery Scott LLC raised its stake in John Hancock Preferred Income ETF by 5.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 94,435 shares of the company’s stock valued at $2,195,000 after acquiring an additional 4,535 shares during the period. Finally, Beacon Financial Advisory LLC lifted its holdings in John Hancock Preferred Income ETF by 1.7% during the third quarter. Beacon Financial Advisory LLC now owns 34,844 shares of the company’s stock valued at $810,000 after purchasing an additional 594 shares during the last quarter.

John Hancock Preferred Income ETF Stock Up 0.3 %

JHPI opened at $22.83 on Wednesday. The firm has a 50-day moving average price of $22.70 and a 200-day moving average price of $22.91. John Hancock Preferred Income ETF has a twelve month low of $21.77 and a twelve month high of $23.49. The company has a market capitalization of $54.34 million, a price-to-earnings ratio of 2.80 and a beta of 0.42.

John Hancock Preferred Income ETF Company Profile

The John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by primarily investing in preferred securities in the US market. JHPI was launched on Dec 14, 2021 and is managed by John Hancock.