John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM)’s share price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $73.50 and traded as high as $73.70. John Hancock Multifactor Mid Cap ETF shares last traded at $73.60, with a volume of 277,145 shares changing hands.

John Hancock Multifactor Mid Cap ETF Trading Up 0.1%

The stock has a 50-day simple moving average of $73.50 and a 200-day simple moving average of $72.03. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 19.18 and a beta of 0.99.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of JHMM. MGO One Seven LLC lifted its holdings in shares of John Hancock Multifactor Mid Cap ETF by 1.2% in the third quarter. MGO One Seven LLC now owns 24,640 shares of the company’s stock valued at $1,762,000 after buying an additional 282 shares during the period. Gilliland Jeter Wealth Management LLC grew its holdings in John Hancock Multifactor Mid Cap ETF by 14.3% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 17,595 shares of the company’s stock worth $1,258,000 after acquiring an additional 2,201 shares during the period. ERn Financial LLC raised its position in John Hancock Multifactor Mid Cap ETF by 1.5% in the third quarter. ERn Financial LLC now owns 59,701 shares of the company’s stock worth $4,269,000 after acquiring an additional 889 shares in the last quarter. Interchange Capital Partners LLC raised its position in John Hancock Multifactor Mid Cap ETF by 1.4% in the third quarter. Interchange Capital Partners LLC now owns 38,546 shares of the company’s stock worth $2,756,000 after acquiring an additional 549 shares in the last quarter. Finally, SpringVest Wealth Management LLC lifted its holdings in John Hancock Multifactor Mid Cap ETF by 7.5% in the 3rd quarter. SpringVest Wealth Management LLC now owns 25,321 shares of the company’s stock valued at $1,810,000 after acquiring an additional 1,770 shares during the last quarter.

About John Hancock Multifactor Mid Cap ETF

The John Hancock Multifactor Mid Cap ETF (JHMM) is an exchange-traded fund that is based on the John Hancock Dimensional Mid Cap index. The fund tracks an index of US firms ranked 200-950 by size, weighted by multiple factors relative to their sector peers. JHMM was launched on Sep 28, 2015 and is managed by John Hancock.