John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sets New 12-Month High – Time to Buy?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $65.84 and last traded at $65.8190, with a volume of 60199 shares trading hands. The stock had previously closed at $65.53.

John Hancock Multifactor Mid Cap ETF Price Performance

The firm has a market cap of $4.52 billion, a P/E ratio of 19.18 and a beta of 1.04. The firm’s 50 day moving average is $64.44 and its 200 day moving average is $62.84.

Hedge Funds Weigh In On John Hancock Multifactor Mid Cap ETF

A number of hedge funds have recently bought and sold shares of JHMM. Raymond James Financial Inc. raised its holdings in John Hancock Multifactor Mid Cap ETF by 22.0% in the 2nd quarter. Raymond James Financial Inc. now owns 2,768,787 shares of the company’s stock worth $169,256,000 after acquiring an additional 499,311 shares during the last quarter. Granite Bay Wealth Management LLC raised its stake in shares of John Hancock Multifactor Mid Cap ETF by 382.0% in the third quarter. Granite Bay Wealth Management LLC now owns 623,209 shares of the company’s stock worth $40,315,000 after purchasing an additional 493,916 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of John Hancock Multifactor Mid Cap ETF by 1,466.6% during the third quarter. Thrivent Financial for Lutherans now owns 487,287 shares of the company’s stock valued at $31,523,000 after purchasing an additional 456,183 shares in the last quarter. Focus Partners Wealth boosted its position in shares of John Hancock Multifactor Mid Cap ETF by 40.1% during the third quarter. Focus Partners Wealth now owns 970,605 shares of the company’s stock valued at $62,438,000 after buying an additional 277,765 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in John Hancock Multifactor Mid Cap ETF by 24.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,387,326 shares of the company’s stock worth $89,455,000 after buying an additional 274,723 shares in the last quarter.

John Hancock Multifactor Mid Cap ETF Company 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.