41,800 Shares in John Hancock Preferred Income ETF (NYSEARCA:JHPI) Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. acquired a new stake in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 41,800 shares of the company’s stock, valued at approximately $942,000.

Several other hedge funds also recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its stake in shares of John Hancock Preferred Income ETF by 25.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,709 shares of the company’s stock worth $444,000 after acquiring an additional 3,957 shares in the last quarter. Quad Cities Investment Group LLC increased its stake in John Hancock Preferred Income ETF by 6.8% in the 4th quarter. Quad Cities Investment Group LLC now owns 20,063 shares of the company’s stock worth $452,000 after purchasing an additional 1,279 shares in the last quarter. Beacon Financial Advisory LLC raised its holdings in John Hancock Preferred Income ETF by 2.6% during the 4th 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 period. 1620 Investment Advisors Inc. lifted its stake in John Hancock Preferred Income ETF by 4.9% during the fourth quarter. 1620 Investment Advisors Inc. now owns 52,159 shares of the company’s stock valued at $1,175,000 after buying an additional 2,419 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of John Hancock Preferred Income ETF by 5.1% in the fourth quarter. Atria Investments Inc now owns 96,184 shares of the company’s stock worth $2,167,000 after buying an additional 4,676 shares during the period.

John Hancock Preferred Income ETF Price Performance

JHPI stock opened at $21.88 on Tuesday. The company’s 50 day simple moving average is $22.45 and its 200-day simple moving average is $22.75. John Hancock Preferred Income ETF has a 52-week low of $21.57 and a 52-week high of $23.49. The firm has a market capitalization of $67.39 million, a P/E ratio of 58.23 and a beta of 0.41.

John Hancock Preferred Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.1372 dividend. The ex-dividend date was Thursday, March 27th. This is a positive change from John Hancock Preferred Income ETF’s previous dividend of $0.13.

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.