John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $73.50 and traded as high as $73.70. John Hancock Multifactor Mid Cap ETF shares last traded at $73.60, with a volume of 277,145 shares traded.

John Hancock Multifactor Mid Cap ETF Stock Up 0.1%

The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 19.18 and a beta of 0.99. The stock has a 50 day moving average of $73.50 and a 200 day moving average of $72.03.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in shares of John Hancock Multifactor Mid Cap ETF by 47.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,073,547 shares of the company’s stock worth $305,353,000 after acquiring an additional 1,309,269 shares in the last quarter. Bank of America Corp DE raised its position in shares of John Hancock Multifactor Mid Cap ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 1,265,480 shares of the company’s stock valued at $84,939,000 after acquiring an additional 75,170 shares in the last quarter. Private Advisor Group LLC raised its position in shares of John Hancock Multifactor Mid Cap ETF by 1.6% during the 1st quarter. Private Advisor Group LLC now owns 818,029 shares of the company’s stock valued at $54,906,000 after acquiring an additional 12,801 shares in the last quarter. Financial Management Professionals Inc. raised its position in shares of John Hancock Multifactor Mid Cap ETF by 1.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 817,056 shares of the company’s stock valued at $58,419,000 after acquiring an additional 8,516 shares in the last quarter. Finally, Granite Bay Wealth Management LLC raised its position in shares of John Hancock Multifactor Mid Cap ETF by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 676,992 shares of the company’s stock valued at $45,413,000 after acquiring an additional 23,206 shares in the last quarter.

About John Hancock Multifactor Mid Cap ETF

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.