3EDGE Asset Management LP Sells 831 Shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI)

3EDGE Asset Management LP trimmed its position in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,695 shares of the company’s stock after selling 831 shares during the period. 3EDGE Asset Management LP owned approximately 2.90% of John Hancock Preferred Income ETF worth $1,142,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new stake in John Hancock Preferred Income ETF in the third quarter valued at approximately $114,000. CWM LLC lifted its holdings in shares of John Hancock Preferred Income ETF by 43.0% in the 3rd quarter. CWM LLC now owns 5,066 shares of the company’s stock worth $118,000 after purchasing an additional 1,523 shares in the last quarter. Empire Financial Management Company LLC grew its position in John Hancock Preferred Income ETF by 5.5% in the 3rd quarter. Empire Financial Management Company LLC now owns 9,567 shares of the company’s stock valued at $222,000 after purchasing an additional 500 shares during the period. Quad Cities Investment Group LLC increased its stake in John Hancock Preferred Income ETF by 6.8% during the 4th quarter. Quad Cities Investment Group LLC now owns 20,063 shares of the company’s stock valued at $452,000 after purchasing an additional 1,279 shares in the last quarter. Finally, Beacon Financial Advisory LLC raised its holdings in John Hancock Preferred Income ETF by 2.6% during the fourth quarter. Beacon Financial Advisory LLC now owns 35,763 shares of the company’s stock worth $806,000 after buying an additional 919 shares during the last quarter.

John Hancock Preferred Income ETF Trading Up 0.3 %

John Hancock Preferred Income ETF stock opened at $22.83 on Wednesday. The firm has a market capitalization of $54.34 million, a price-to-earnings ratio of 2.80 and a beta of 0.42. The firm’s fifty day moving average price is $22.70 and its two-hundred day moving average price is $22.91. John Hancock Preferred Income ETF has a 1-year low of $21.77 and a 1-year 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.