3,222,262 John Hancock Preferred Income ETF $JHPI Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 86.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 520,337 shares of the company’s stock after selling 3,222,262 shares during the quarter. Commonwealth Equity Services LLC’s holdings in John Hancock Preferred Income ETF were worth $11,297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Compass Financial Management LLC acquired a new position in John Hancock Preferred Income ETF in the second quarter valued at $106,000. Tiller Private Wealth Inc. increased its position in shares of John Hancock Preferred Income ETF by 52.0% during the third quarter. Tiller Private Wealth Inc. now owns 23,560 shares of the company’s stock worth $511,000 after purchasing an additional 8,061 shares in the last quarter. Quad Cities Investment Group LLC lifted its holdings in shares of John Hancock Preferred Income ETF by 2.1% in the 2nd quarter. Quad Cities Investment Group LLC now owns 22,538 shares of the company’s stock valued at $512,000 after purchasing an additional 473 shares during the last quarter. Widmann Financial Services Inc. lifted its holdings in shares of John Hancock Preferred Income ETF by 74.3% in the 2nd quarter. Widmann Financial Services Inc. now owns 28,655 shares of the company’s stock valued at $650,000 after purchasing an additional 12,215 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of John Hancock Preferred Income ETF by 20.8% in the 1st quarter. NewEdge Advisors LLC now owns 33,242 shares of the company’s stock valued at $751,000 after purchasing an additional 5,735 shares during the period.

John Hancock Preferred Income ETF Stock Down 0.5%

Shares of NYSEARCA JHPI opened at $21.59 on Friday. The business has a 50-day moving average price of $21.88 and a 200 day moving average price of $22.61. The stock has a market cap of $227.77 million, a PE ratio of 60.41 and a beta of 0.37. John Hancock Preferred Income ETF has a 52-week low of $21.57 and a 52-week high of $23.36.

John Hancock Preferred Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 28th were paid a $0.1408 dividend. This is an increase from John Hancock Preferred Income ETF’s previous monthly dividend of $0.1025. This represents a $1.69 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Wednesday, October 28th.

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.