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

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) saw unusually-high trading volume on Wednesday . Approximately 1,002,246 shares were traded during trading, an increase of 804% from the previous session’s volume of 110,870 shares.The stock last traded at $34.33 and had previously closed at $33.18.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The firm has a market cap of $669.54 million, a price-to-earnings ratio of 13.85 and a beta of 0.65. The business has a fifty day simple moving average of $35.44 and a 200-day simple moving average of $33.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. AE Wealth Management LLC acquired a new stake in John Hancock Multifactor Emerging Markets ETF during the 3rd quarter worth approximately $51,000. Stratos Wealth Partners LTD. acquired a new position in John Hancock Multifactor Emerging Markets ETF in the 4th quarter valued at approximately $201,000. Envestnet Portfolio Solutions Inc. acquired a new position in John Hancock Multifactor Emerging Markets ETF in the 4th quarter valued at approximately $230,000. Ameriprise Financial Inc. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF during the third quarter valued at $228,000. Finally, Financially in Tune LLC acquired a new position in shares of John Hancock Multifactor Emerging Markets ETF during the fourth quarter worth $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.