John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Unusually-High Trading Volume – Time to Buy?

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) saw strong trading volume on Friday . 1,256,990 shares traded hands during trading, an increase of 1,171% from the previous session’s volume of 98,863 shares.The stock last traded at $34.00 and had previously closed at $34.76.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The company has a 50-day moving average price of $35.51 and a 200-day moving average price of $33.44. The company has a market capitalization of $659.93 million, a price-to-earnings ratio of 13.85 and a beta of 0.65.

Institutional Trading of John Hancock Multifactor Emerging Markets ETF

Several institutional investors and hedge funds have recently modified their holdings of JHEM. AE Wealth Management LLC bought a new position in shares of John Hancock Multifactor Emerging Markets ETF in the third quarter valued at approximately $51,000. Stratos Wealth Partners LTD. bought a new stake in John Hancock Multifactor Emerging Markets ETF during the fourth quarter worth $201,000. Ameriprise Financial Inc. bought a new stake in John Hancock Multifactor Emerging Markets ETF during the third quarter worth $228,000. Envestnet Portfolio Solutions Inc. purchased a new stake in John Hancock Multifactor Emerging Markets ETF in the 4th quarter valued at $230,000. Finally, Financially in Tune LLC purchased a new stake in John Hancock Multifactor Emerging Markets ETF in the 4th quarter valued at $278,000.

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.