1620 Investment Advisors Inc. Increases Holdings in John Hancock Preferred Income ETF (NYSEARCA:JHPI)

1620 Investment Advisors Inc. grew its position in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 2.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 49,740 shares of the company’s stock after purchasing an additional 1,383 shares during the period. John Hancock Preferred Income ETF comprises about 0.8% of 1620 Investment Advisors Inc.’s investment portfolio, making the stock its 26th largest holding. 1620 Investment Advisors Inc.’s holdings in John Hancock Preferred Income ETF were worth $1,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC bought a new position in John Hancock Preferred Income ETF in the 2nd quarter valued at $79,000. Capital Advisors Ltd. LLC boosted its holdings in shares of John Hancock Preferred Income ETF by 89.1% in the second quarter. Capital Advisors Ltd. LLC now owns 5,307 shares of the company’s stock valued at $119,000 after purchasing an additional 2,500 shares during the period. Quad Cities Investment Group LLC raised its position in John Hancock Preferred Income ETF by 5.9% during the 2nd quarter. Quad Cities Investment Group LLC now owns 17,161 shares of the company’s stock valued at $384,000 after purchasing an additional 961 shares in the last quarter. Beacon Financial Advisory LLC bought a new stake in shares of John Hancock Preferred Income ETF in the 2nd quarter valued at about $766,000. Finally, Sanctuary Advisors LLC purchased a new stake in John Hancock Preferred Income ETF during the second quarter worth $1,942,000.

John Hancock Preferred Income ETF Stock Performance

Shares of JHPI stock opened at $23.08 on Thursday. The stock’s fifty day moving average price is $23.13 and its 200 day moving average price is $22.64. John Hancock Preferred Income ETF has a 1-year low of $19.91 and a 1-year high of $23.49.

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.