John Hancock Preferred Income ETF (NYSEARCA:JHPI) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 9.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 640,089 shares of the company’s stock after selling 70,020 shares during the quarter. The Manufacturers Life Insurance Company owned 36.58% of John Hancock Preferred Income ETF worth $14,876,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC purchased a new stake in John Hancock Preferred Income ETF during the 2nd quarter worth $79,000. Quad Cities Investment Group LLC increased its position in shares of John Hancock Preferred Income ETF by 5.9% during the second quarter. Quad Cities Investment Group LLC now owns 17,161 shares of the company’s stock worth $384,000 after acquiring an additional 961 shares during the last quarter. Granite Bay Wealth Management LLC lifted its stake in shares of John Hancock Preferred Income ETF by 6,734.7% in the second quarter. Granite Bay Wealth Management LLC now owns 28,548,107 shares of the company’s stock worth $636,158,000 after acquiring an additional 28,130,412 shares in the last quarter. Robbins Farley boosted its holdings in John Hancock Preferred Income ETF by 2.7% in the second quarter. Robbins Farley now owns 108,565 shares of the company’s stock valued at $2,427,000 after purchasing an additional 2,852 shares during the last quarter. Finally, 1620 Investment Advisors Inc. grew its stake in John Hancock Preferred Income ETF by 5.6% during the 2nd quarter. 1620 Investment Advisors Inc. now owns 48,357 shares of the company’s stock valued at $1,081,000 after purchasing an additional 2,559 shares in the last quarter.

John Hancock Preferred Income ETF Stock Up 0.3 %

Shares of JHPI opened at $23.11 on Monday. The business’s 50 day moving average is $23.17 and its two-hundred day moving average is $22.79. John Hancock Preferred Income ETF has a 52-week low of $21.08 and a 52-week high of $23.49.

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.