John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 52-Week High – What’s Next?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $34.62 and last traded at $34.59, with a volume of 2225 shares trading hands. The stock had previously closed at $34.36.

John Hancock Multifactor Emerging Markets ETF Stock Down 0.4%

The stock has a fifty day moving average of $32.96 and a two-hundred day moving average of $31.56. The stock has a market cap of $671.19 million, a price-to-earnings ratio of 13.85 and a beta of 0.65.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC grew its position in John Hancock Multifactor Emerging Markets ETF by 435.3% during the 1st 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 in the last quarter. ORG Partners LLC purchased a new position in shares of John Hancock Multifactor Emerging Markets ETF during the second quarter valued at $118,000. Brueske Advisory Services LLC grew its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 19.3% during the second quarter. Brueske Advisory Services LLC now owns 493,558 shares of the company’s stock valued at $14,407,000 after buying an additional 79,947 shares in the last quarter. Simplicity Wealth LLC raised its position in John Hancock Multifactor Emerging Markets ETF by 262.4% during the second quarter. Simplicity Wealth LLC now owns 119,166 shares of the company’s stock valued at $3,478,000 after buying an additional 86,284 shares during the period. Finally, IFP Advisors Inc lifted its stake in John Hancock Multifactor Emerging Markets ETF by 3.4% in the 2nd quarter. IFP Advisors Inc now owns 25,355 shares of the company’s stock worth $740,000 after acquiring an additional 829 shares in the last quarter.

John Hancock Multifactor Emerging Markets ETF Company Profile

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.