FFG Retirement Advisors LLC Boosts Holdings in John Hancock Preferred Income ETF $JHPI

FFG Retirement Advisors LLC boosted its stake in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 37.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 233,827 shares of the company’s stock after acquiring an additional 63,864 shares during the period. John Hancock Preferred Income ETF accounts for about 2.8% of FFG Retirement Advisors LLC’s holdings, making the stock its 15th biggest position. FFG Retirement Advisors LLC’s holdings in John Hancock Preferred Income ETF were worth $5,308,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JHPI. Jane Street Group LLC grew its position in shares of John Hancock Preferred Income ETF by 261.4% during the 1st quarter. Jane Street Group LLC now owns 35,756 shares of the company’s stock valued at $801,000 after acquiring an additional 25,861 shares during the period. NewEdge Advisors LLC bought a new stake in shares of John Hancock Preferred Income ETF in the 2nd quarter worth approximately $452,000. Bank of America Corp DE raised its holdings in shares of John Hancock Preferred Income ETF by 10.3% in the 2nd quarter. Bank of America Corp DE now owns 205,497 shares of the company’s stock worth $4,633,000 after purchasing an additional 19,204 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of John Hancock Preferred Income ETF by 44.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 14,174 shares of the company’s stock worth $328,000 after purchasing an additional 4,394 shares during the period. Finally, Stonebridge Financial Planning Group LLC lifted its stake in John Hancock Preferred Income ETF by 18.9% in the third quarter. Stonebridge Financial Planning Group LLC now owns 12,660 shares of the company’s stock valued at $293,000 after purchasing an additional 2,010 shares during the last quarter.

John Hancock Preferred Income ETF Trading Down 0.4%

Shares of NYSEARCA JHPI opened at $22.50 on Tuesday. The stock has a fifty day simple moving average of $22.73 and a two-hundred day simple moving average of $22.90. John Hancock Preferred Income ETF has a 1-year low of $22.42 and a 1-year high of $23.56. The firm has a market cap of $211.50 million, a price-to-earnings ratio of 60.41 and a beta of 0.37.

About John Hancock Preferred Income ETF

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.