John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 52-Week High at $26.39

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $26.39 and last traded at $26.39, with a volume of 51165 shares changing hands. The stock had previously closed at $25.97.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The business’s 50-day simple moving average is $25.74 and its 200 day simple moving average is $24.94. The firm has a market cap of $700.13 million, a P/E ratio of 10.81 and a beta of 0.85.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its position in John Hancock Multifactor Emerging Markets ETF by 22.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 165,419 shares of the company’s stock valued at $3,928,000 after buying an additional 30,374 shares during the period. Waterloo Capital L.P. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF during the 4th quarter worth approximately $1,417,000. Private Advisor Group LLC grew its stake in John Hancock Multifactor Emerging Markets ETF by 18.4% during the 4th quarter. Private Advisor Group LLC now owns 29,942 shares of the company’s stock worth $761,000 after buying an additional 4,663 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in John Hancock Multifactor Emerging Markets ETF by 50.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 17,756 shares of the company’s stock worth $452,000 after purchasing an additional 5,993 shares during the last quarter. Finally, SigFig Wealth Management LLC increased its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 4.6% in the fourth quarter. SigFig Wealth Management LLC now owns 16,223 shares of the company’s stock valued at $413,000 after purchasing an additional 717 shares during the period.

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.