It had been studied the structure and the magnetic properties of singel phase Co2Y(Ba2Co2Fe12O22) powder, one of the hexagonal ferrite. The material was successfully prepared by a commercially applicable coprecipitation method. Adding asqueous solution of BaCl2, CoCl2 and FeCl2(Ba2+:Co2+:Fe2+=1:1:6 in mole ratio) to a mixture of NaOH and hydrogen peroxide solution, coprecipitate was formed with rapid oxidation of ferrous to ferric ion. The coprecipitate transformed to single phase Co2Y powder at heat treatment temperatures as low as 900$^{circ}C$. The shape of Co2Y particles obtained at 900$^{circ}C$ was hexagonal plate-like (diameter∼$mu extrm{m}$, aspect ratio>10). The structure of the Co2Y was refined by a Rietveld analysis of the measured X-ray diffractogram. The lattice parameters are ao=5.8602${AA}$ and co=43.512${AA}$. Co2Y is a soft magnetic material with saturation magnetization 30 emu/g and coecivity 170 . A standard X-ray diffraction pattern for Co2Y is proposed as well.