John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Stock Price Down 1.8% – Time to Sell?

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) were down 1.8% on Tuesday . The stock traded as low as $32.53 and last traded at $32.55. Approximately 174,102 shares changed hands during mid-day trading, an increase of 123% from the average daily volume of 78,056 shares. The stock had previously closed at $33.16.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The firm has a 50 day moving average price of $31.65 and a two-hundred day moving average price of $29.75. The company has a market capitalization of $634.73 million, a P/E ratio of 13.85 and a beta of 0.65.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

Several institutional investors and hedge funds have recently made changes to their positions in JHEM. Crossmark Global Holdings Inc. acquired a new stake in John Hancock Multifactor Emerging Markets ETF during the 1st quarter worth approximately $248,000. Flow Traders U.S. LLC acquired a new position in John Hancock Multifactor Emerging Markets ETF in the 1st quarter valued at $1,699,000. OLD Mission Capital LLC raised its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 39.2% during the 1st quarter. OLD Mission Capital LLC now owns 87,242 shares of the company’s stock worth $2,326,000 after buying an additional 24,552 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of 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 valued at $8,076,000 after acquiring an additional 246,336 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in John Hancock Multifactor Emerging Markets ETF by 54.1% in the second quarter. Pallas Capital Advisors LLC now owns 575,473 shares of the company’s stock valued at $16,798,000 after purchasing an additional 202,028 shares during the period.

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.