John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Hits New 12-Month High – Should You Buy?

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $34.27 and last traded at $34.06, with a volume of 106550 shares. The stock had previously closed at $34.25.

John Hancock Multifactor Emerging Markets ETF Trading Up 0.3%

The company has a market capitalization of $653.57 million, a price-to-earnings ratio of 13.85 and a beta of 0.65. The stock has a 50-day simple moving average of $32.80 and a 200-day simple moving average of $31.38.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pallas Capital Advisors LLC grew its stake in John Hancock Multifactor Emerging Markets ETF by 3.8% in the third quarter. Pallas Capital Advisors LLC now owns 597,624 shares of the company’s stock worth $18,918,000 after purchasing an additional 22,151 shares in the last quarter. Brueske Advisory Services LLC increased its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 8.0% in the 3rd quarter. Brueske Advisory Services LLC now owns 532,856 shares of the company’s stock valued at $16,868,000 after acquiring an additional 39,298 shares during the last quarter. Jane Street Group LLC raised its position 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. Bank of America Corp DE lifted its stake in John Hancock Multifactor Emerging Markets ETF by 18.6% during the second quarter. Bank of America Corp DE now owns 221,287 shares of the company’s stock worth $6,459,000 after purchasing an additional 34,629 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its stake 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 worth $3,478,000 after purchasing an additional 86,284 shares during 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.