(JHPI) John Hancock Preferred - Ratings and Ratios

John Hancock Preferred Income ETF (NYSE ARCA: JHPI) is a U.S.-based exchange-traded fund (ETF) designed to generate income through investments in preferred securities. Under normal market conditions, the fund allocates at least 80% of its net assets to preferred stocks and related securities, including convertible preferred securities, corporate hybrid securities, trust preferred securities, cumulative and non-cumulative preferred stock, and depositary shares of preferred stock. The funds investment strategy emphasizes exposure to the utilities and communication sectors, which are historically known for their stability and dividend-paying characteristics.

The ETFs investment approach focuses on income generation and stability, targeting investors seeking regular income with lower volatility compared to common stocks. Its concentration in utilities and communication sectors reflects the sectors traditional role as income providers, often supported by regulated cash flows and established business models. The funds modest size, with assets under management (AUM) of $55.06 million, suggests a niche focus, potentially appealing to investors seeking targeted exposure to preferred securities in specific industries.

Based on the provided data, the funds short-term outlook appears stable. The last price of $22.66 is closely aligned with its 20-day and 50-day simple moving averages (SMA), indicating a balanced market position. The 200-day SMA of $22.24 suggests slight upward momentum over the longer term. With an average true range (ATR) of 0.10, volatility is minimal, signaling low price fluctuations. Over the next three months, the fund is likely to maintain its current price range, with potential for slight appreciation if the utilities and communication sectors remain stable. Trading volumes, averaging 18,105 shares over 20 days, are modest, which may impact liquidity but is typical for a specialized ETF.