John Hancock Preferred Income ETF (JHPI)

John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund in the Preferred Stock category. It has $206.56M in assets, an expense ratio of 0.54% and a 5.68% dividend yield. Under normal market conditions, the fund invests at least 80% of its net assets in preferred stocks and other preferred securities. Preferred stocks and preferred securities include, but are not limited to, convertible preferred securities, corporate hybrid securities, trust preferred securities, cumulative and non-cumulative preferred stock, and depositary shares of preferred stock. The adviser will concentrate its investments in the group of industries that comprise the utilities and the comm…