Jane Street Group LLC Has $492,000 Stock Position in John Hancock Preferred Income ETF (NYSEARCA:JHPI)

Jane Street Group LLC cut its stake in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 32.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,186 shares of the company’s stock after selling 10,181 shares during the quarter. Jane Street Group LLC’s holdings in John Hancock Preferred Income ETF were worth $492,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in shares of John Hancock Preferred Income ETF during the 3rd quarter worth approximately $114,000. CWM LLC lifted its position in John Hancock Preferred Income ETF by 43.0% during the third quarter. CWM LLC now owns 5,066 shares of the company’s stock valued at $118,000 after purchasing an additional 1,523 shares during the last quarter. Quad Cities Investment Group LLC increased its stake in John Hancock Preferred Income ETF by 9.5% in the third quarter. Quad Cities Investment Group LLC now owns 18,784 shares of the company’s stock valued at $437,000 after acquiring an additional 1,623 shares during the last quarter. Beacon Financial Advisory LLC lifted its position in John Hancock Preferred Income ETF by 1.7% in the 3rd quarter. Beacon Financial Advisory LLC now owns 34,844 shares of the company’s stock worth $810,000 after buying an additional 594 shares during the last quarter. Finally, 1620 Investment Advisors Inc. grew its position in John Hancock Preferred Income ETF by 2.9% during the third quarter. 1620 Investment Advisors Inc. now owns 49,740 shares of the company’s stock valued at $1,156,000 after acquiring an additional 1,383 shares during the last quarter.

John Hancock Preferred Income ETF Stock Performance

Shares of JHPI opened at $22.73 on Tuesday. John Hancock Preferred Income ETF has a fifty-two week low of $21.69 and a fifty-two week high of $23.49. The firm has a 50 day moving average price of $22.97 and a 200-day moving average price of $22.88.

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.