John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Large Volume Increase – Here’s What Happened

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) shares saw unusually-strong trading volume on Thursday . Approximately 1,228,261 shares changed hands during trading, an increase of 1,183% from the previous session’s volume of 95,700 shares.The stock last traded at $34.06 and had previously closed at $34.01.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The business has a fifty day moving average of $35.52 and a 200-day moving average of $33.53. The company has a market capitalization of $666.01 million, a P/E ratio of 13.85 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JHEM. Pallas Capital Advisors LLC raised its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 5.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 632,251 shares of the company’s stock worth $20,801,000 after acquiring an additional 34,627 shares during the last quarter. Brueske Advisory Services LLC boosted its stake in John Hancock Multifactor Emerging Markets ETF by 8.0% during the 3rd quarter. Brueske Advisory Services LLC now owns 532,856 shares of the company’s stock valued at $16,868,000 after purchasing an additional 39,298 shares during the last quarter. LPL Financial LLC increased its holdings in John Hancock Multifactor Emerging Markets ETF by 2,155.4% during the 4th quarter. LPL Financial LLC now owns 527,802 shares of the company’s stock worth $17,365,000 after purchasing an additional 504,400 shares in the last quarter. Jane Street Group LLC raised its stake in shares of John Hancock Multifactor Emerging Markets ETF by 435.3% in the first quarter. Jane Street Group LLC now owns 302,931 shares of the company’s stock worth $8,076,000 after purchasing an additional 246,336 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of John Hancock Multifactor Emerging Markets ETF by 18.6% in the second quarter. Bank of America Corp DE now owns 221,287 shares of the company’s stock worth $6,459,000 after purchasing an additional 34,629 shares during the last quarter.

About John Hancock Multifactor Emerging Markets ETF

The John Hancock Multifactor Emerging Markets ETF (JHEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor weighted index of large- and mid-cap stocks from emerging markets. JHEM was launched on Sep 27, 2018 and is managed by John Hancock.