John Hancock Preferred Income ETF $JHPI is Eldridge Investment Advisors Inc.’s 7th Largest Position

Eldridge Investment Advisors Inc. lifted its position in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 6.8% in the fourth quarter, HoldingsChannel reports. The firm owned 540,006 shares of the company’s stock after buying an additional 34,614 shares during the period. John Hancock Preferred Income ETF makes up about 2.7% of Eldridge Investment Advisors Inc.’s portfolio, making the stock its 7th biggest holding. Eldridge Investment Advisors Inc. owned about 0.08% of John Hancock Preferred Income ETF worth $12,332,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Granite Bay Wealth Management LLC grew its holdings in shares of John Hancock Preferred Income ETF by 8.8% in the fourth quarter. Granite Bay Wealth Management LLC now owns 769,129 shares of the company’s stock valued at $17,565,000 after purchasing an additional 62,491 shares during the period. Private Advisor Group LLC grew its holdings in shares of John Hancock Preferred Income ETF by 421.7% in the third quarter. Private Advisor Group LLC now owns 758,690 shares of the company’s stock valued at $17,579,000 after purchasing an additional 613,277 shares during the period. LPL Financial LLC grew its holdings in shares of John Hancock Preferred Income ETF by 31.4% in the fourth quarter. LPL Financial LLC now owns 648,267 shares of the company’s stock valued at $14,804,000 after purchasing an additional 154,995 shares during the period. Bank of America Corp DE boosted its stake in John Hancock Preferred Income ETF by 10.3% during the third quarter. Bank of America Corp DE now owns 226,597 shares of the company’s stock worth $5,250,000 after buying an additional 21,100 shares during the period. Finally, Robbins Farley boosted its stake in John Hancock Preferred Income ETF by 6.0% during the fourth quarter. Robbins Farley now owns 154,121 shares of the company’s stock worth $3,520,000 after buying an additional 8,772 shares during the period.

John Hancock Preferred Income ETF Price Performance

Shares of JHPI stock opened at $22.76 on Tuesday. The firm has a market cap of $177.53 million, a PE ratio of 60.41 and a beta of 0.37. The company has a 50-day moving average of $22.90 and a two-hundred day moving average of $22.97. John Hancock Preferred Income ETF has a 1-year low of $22.35 and a 1-year high of $23.56.

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.