Rockefeller Capital Management L.P. Sells 5,057 Shares of John Hancock Preferred Income ETF $JHPI

Rockefeller Capital Management L.P. cut its holdings in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 11.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 38,121 shares of the company’s stock after selling 5,057 shares during the period. Rockefeller Capital Management L.P.’s holdings in John Hancock Preferred Income ETF were worth $859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. HighTower Advisors LLC purchased a new position in John Hancock Preferred Income ETF in the first quarter worth $513,000. Janney Montgomery Scott LLC raised its stake in shares of John Hancock Preferred Income ETF by 4.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 89,975 shares of the company’s stock worth $2,028,000 after purchasing an additional 3,515 shares during the period. Etesian Wealth Advisors Inc. purchased a new position in shares of John Hancock Preferred Income ETF in the 2nd quarter worth about $589,000. LPL Financial LLC grew its position in John Hancock Preferred Income ETF by 564.7% during the first quarter. LPL Financial LLC now owns 73,591 shares of the company’s stock valued at $1,649,000 after buying an additional 62,520 shares during the period. Finally, Beacon Financial Advisory LLC grew its position in John Hancock Preferred Income ETF by 1.5% during the second quarter. Beacon Financial Advisory LLC now owns 36,646 shares of the company’s stock valued at $826,000 after buying an additional 525 shares during the period.

John Hancock Preferred Income ETF Stock Performance

NYSEARCA JHPI opened at $22.92 on Thursday. The company has a market capitalization of $121.93 million, a PE ratio of 60.41 and a beta of 0.40. John Hancock Preferred Income ETF has a 52-week low of $21.57 and a 52-week high of $23.56. The company has a 50-day simple moving average of $23.15 and a 200 day simple moving average of $22.85.

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.