John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Stock Price Up 0.6% – Here’s Why

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) were up 0.6% during mid-day trading on Monday. The stock traded as high as $38.37 and last traded at $38.18. Approximately 14,798 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 82,129 shares. The stock had previously closed at $37.97.

John Hancock Multifactor Emerging Markets ETF Stock Up 0.6%

The firm has a market cap of $935.41 million, a P/E ratio of 13.85 and a beta of 0.71. The stock’s 50-day simple moving average is $39.91 and its 200 day simple moving average is $39.17.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JHEM. Envestnet Portfolio Solutions Inc. lifted its stake in John Hancock Multifactor Emerging Markets ETF by 13.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,362 shares of the company’s stock valued at $497,000 after buying an additional 1,436 shares during the period. CoreCap Advisors LLC grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 21.2% during the 3rd quarter. CoreCap Advisors LLC now owns 70,152 shares of the company’s stock worth $2,781,000 after buying an additional 12,277 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 135.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 31,995 shares of the company’s stock worth $1,053,000 after buying an additional 18,401 shares during the period. Citadel Advisors LLC grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 311.2% during the 2nd quarter. Citadel Advisors LLC now owns 31,234 shares of the company’s stock worth $1,257,000 after buying an additional 23,639 shares during the period. Finally, Simplicity Wealth LLC increased its stake in shares of John Hancock Multifactor Emerging Markets ETF by 27.9% in the 1st quarter. Simplicity Wealth LLC now owns 158,586 shares of the company’s stock valued at $5,433,000 after acquiring an additional 34,585 shares in 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.