John Hancock Preferred Income Fund (HPI)
John Hancock Preferred Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $14.31, up 0.07% on the session, giving a market capitalisation of $383.5M. On trailing twelve-month figures it carries a trailing P/E of 11.09, a net margin of 68.0%. Its beta of 0.77 implies it has historically moved less than the broad market.
The John Hancock Preferred Income Fund operates as a closed-end, balanced mutual fund, managed by John Hancock Investment Management LLC, with additional oversight from John Hancock Asset Management. This U.S.-domiciled fund primarily invests in the public equity and fixed-income markets within the United States, seeking opportunities across a diverse range of corporate sectors. Its portfolio predominantly comprises preferred value stocks, convertible preferred securities, and investment-grade fixed-income instruments, which must hold an investment-grade rating or higher from Moody's or Standard & Poor's. The fund measures its performance against two industry benchmarks: the Bank of America Merrill Lynch Hybrid Preferred Securities Index and the Barclays U.S. Aggregate Bond Index. It was established on August 27, 2002.
John Hancock Preferred Income Fund is most often compared with the following Financial Services names: