John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 12-Month High – Here’s Why

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $37.87 and last traded at $37.87, with a volume of 455 shares traded. The stock had previously closed at $37.00.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The company’s 50-day moving average is $35.61 and its 200-day moving average is $34.00. The firm has a market cap of $906.53 million, a price-to-earnings ratio of 13.85 and a beta of 0.64.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of large investors have recently added to or reduced their stakes in the business. Pallas Capital Advisors LLC raised its stake in John Hancock Multifactor Emerging Markets ETF by 5.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 632,251 shares of the company’s stock valued at $20,801,000 after acquiring an additional 34,627 shares during the period. Brueske Advisory Services LLC raised its stake in 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 period. LPL Financial LLC increased its position in John Hancock Multifactor Emerging Markets ETF by 2,155.4% during the 4th quarter. LPL Financial LLC now owns 527,802 shares of the company’s stock worth $17,365,000 after buying an additional 504,400 shares during the period. Jane Street Group LLC increased its position in 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 worth $8,076,000 after buying an additional 246,336 shares during the period. Finally, Bank of America Corp DE increased its position in John Hancock Multifactor Emerging Markets ETF by 18.6% during the 2nd quarter. Bank of America Corp DE now owns 221,287 shares of the company’s stock worth $6,459,000 after buying an additional 34,629 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.