John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sets New 1-Year High – What’s Next?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) shares reached a new 52-week high on Monday . The stock traded as high as $42.15 and last traded at $42.10, with a volume of 2524 shares trading hands. The stock had previously closed at $41.96.

John Hancock Multifactor Emerging Markets ETF Price Performance

The stock’s 50 day simple moving average is $39.34 and its two-hundred day simple moving average is $36.28. The company has a market capitalization of $1.01 billion, a P/E ratio of 13.85 and a beta of 0.69.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in John Hancock Multifactor Emerging Markets ETF by 18.3% in the first quarter. The Manufacturers Life Insurance Company now owns 19,040,181 shares of the company’s stock valued at $652,279,000 after acquiring an additional 2,947,062 shares during the last quarter. LPL Financial LLC raised its holdings 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 purchasing an additional 504,400 shares during the last quarter. Jane Street Group LLC raised its holdings 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 purchasing an additional 246,336 shares during the last quarter. Bank of America Corp DE lifted its position in John Hancock Multifactor Emerging Markets ETF by 36.1% during the 1st quarter. Bank of America Corp DE now owns 302,848 shares of the company’s stock valued at $10,375,000 after purchasing an additional 80,299 shares during the period. Finally, NewEdge Wealth LLC acquired a new position in John Hancock Multifactor Emerging Markets ETF during the 1st quarter valued at about $2,412,000.

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.