John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 1-Year High – Should You Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $35.76 and last traded at $35.71, with a volume of 138156 shares traded. The stock had previously closed at $35.08.

John Hancock Multifactor Emerging Markets ETF Price Performance

The stock has a 50 day moving average of $33.38 and a 200 day moving average of $31.92. The firm has a market cap of $704.47 million, a P/E ratio of 13.85 and a beta of 0.65.

Institutional Trading of John Hancock Multifactor Emerging Markets ETF

A number of hedge funds have recently bought and sold shares of the company. Pallas Capital Advisors LLC boosted its stake in John Hancock Multifactor Emerging Markets ETF by 5.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 632,251 shares of the company’s stock worth $20,801,000 after buying an additional 34,627 shares in the last quarter. Brueske Advisory Services LLC lifted 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 worth $16,868,000 after acquiring an additional 39,298 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of John Hancock Multifactor Emerging Markets ETF by 435.3% in the 1st quarter. Jane Street Group LLC now owns 302,931 shares of the company’s stock valued at $8,076,000 after purchasing an additional 246,336 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of 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 valued at $6,459,000 after purchasing an additional 34,629 shares during the last quarter. Finally, Simplicity Wealth LLC grew its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 262.4% during the 2nd quarter. Simplicity Wealth LLC now owns 119,166 shares of the company’s stock valued at $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.