John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Hits New 1-Year High – What’s Next?

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) reached a new 52-week high on Friday . The stock traded as high as $33.57 and last traded at $33.5010, with a volume of 4975 shares. The stock had previously closed at $32.90.

John Hancock Multifactor Emerging Markets ETF Price Performance

The company has a market capitalization of $655.20 million, a PE ratio of 13.85 and a beta of 0.65. The firm has a 50-day moving average of $32.70 and a 200 day moving average of $31.20.

Institutional Trading of John Hancock Multifactor Emerging Markets ETF

A number of large investors have recently made changes to their positions in the stock. Simplicity Wealth LLC grew its position in John Hancock Multifactor Emerging Markets ETF by 262.4% in the 2nd quarter. Simplicity Wealth LLC now owns 119,166 shares of the company’s stock worth $3,478,000 after purchasing an additional 86,284 shares during the period. Pallas Capital Advisors LLC grew its holdings in shares of 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 worth $16,798,000 after acquiring an additional 202,028 shares during the period. Brueske Advisory Services LLC grew its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 19.3% in the second quarter. Brueske Advisory Services LLC now owns 493,558 shares of the company’s stock worth $14,407,000 after acquiring an additional 79,947 shares during the period. ORG Partners LLC purchased a new stake in John Hancock Multifactor Emerging Markets ETF during the second quarter valued at $118,000. Finally, IFP Advisors Inc lifted its holdings in John Hancock Multifactor Emerging Markets ETF by 3.4% in the second quarter. IFP Advisors Inc now owns 25,355 shares of the company’s stock valued at $740,000 after acquiring an additional 829 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.