John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Hits New 1-Year High – What’s Next?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $70.20 and last traded at $70.1360, with a volume of 13350 shares changing hands. The stock had previously closed at $69.43.

John Hancock Multifactor Mid Cap ETF Stock Up 2.6%

The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 19.18 and a beta of 1.04. The company’s 50-day simple moving average is $67.44 and its 200 day simple moving average is $65.17.

Hedge Funds Weigh In On John Hancock Multifactor Mid Cap ETF

Several large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its position in shares of John Hancock Multifactor Mid Cap ETF by 5.0% during the third quarter. Ameriprise Financial Inc. now owns 4,808,597 shares of the company’s stock worth $311,008,000 after acquiring an additional 230,997 shares in the last quarter. Raymond James Financial Inc. increased its holdings in John Hancock Multifactor Mid Cap ETF by 0.9% during the third quarter. Raymond James Financial Inc. now owns 2,793,350 shares of the company’s stock worth $180,702,000 after buying an additional 24,563 shares during the last quarter. UBS Group AG raised its holdings in shares of John Hancock Multifactor Mid Cap ETF by 2.7% in the 4th quarter. UBS Group AG now owns 2,021,666 shares of the company’s stock valued at $132,379,000 after purchasing an additional 52,969 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in John Hancock Multifactor Mid Cap ETF by 0.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,668,475 shares of the company’s stock valued at $107,934,000 after buying an additional 11,348 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in John Hancock Multifactor Mid Cap ETF by 24.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,387,326 shares of the company’s stock valued at $89,455,000 after acquiring an additional 274,723 shares during the period.

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.