Private Advisor Group LLC Reduces Holdings in John Hancock Multifactor Mid Cap ETF $JHMM

Private Advisor Group LLC lowered its position in John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) by 26.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 792,718 shares of the company’s stock after selling 282,832 shares during the period. Private Advisor Group LLC owned 1.16% of John Hancock Multifactor Mid Cap ETF worth $51,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caldwell Trust Co purchased a new stake in shares of John Hancock Multifactor Mid Cap ETF during the second quarter worth $48,000. Evolution Wealth Management Inc. purchased a new position in shares of John Hancock Multifactor Mid Cap ETF in the second quarter worth about $61,000. Root Financial Partners LLC purchased a new position in shares of John Hancock Multifactor Mid Cap ETF in the third quarter worth about $83,000. Fifth Third Bancorp boosted its position in John Hancock Multifactor Mid Cap ETF by 25.5% during the third quarter. Fifth Third Bancorp now owns 1,914 shares of the company’s stock worth $124,000 after acquiring an additional 389 shares during the last quarter. Finally, AE Wealth Management LLC acquired a new position in John Hancock Multifactor Mid Cap ETF during the second quarter worth about $190,000.

John Hancock Multifactor Mid Cap ETF Trading Down 1.9%

JHMM stock opened at $67.97 on Monday. The firm has a 50-day moving average of $69.16 and a two-hundred day moving average of $66.32. John Hancock Multifactor Mid Cap ETF has a 12 month low of $49.29 and a 12 month high of $71.72. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 19.18 and a beta of 1.04.

John Hancock Multifactor Mid Cap ETF Profile

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.