John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Reaches New 12-Month High – Still a Buy?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $66.56 and last traded at $66.7830, with a volume of 142135 shares. The stock had previously closed at $65.59.

John Hancock Multifactor Mid Cap ETF Stock Performance

The business’s fifty day moving average price is $64.55 and its two-hundred day moving average price is $63.05. The stock has a market capitalization of $4.57 billion, a P/E ratio of 19.18 and a beta of 1.04.

Hedge Funds Weigh In On John Hancock Multifactor Mid Cap ETF

Several hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in shares of John Hancock Multifactor Mid Cap ETF by 248.3% during the third quarter. IFP Advisors Inc now owns 2,574 shares of the company’s stock valued at $167,000 after buying an additional 1,835 shares during the last quarter. Cambria Investment Management L.P. purchased a new position in John Hancock Multifactor Mid Cap ETF during the 3rd quarter valued at $231,000. Advisory Services Network LLC grew its position in John Hancock Multifactor Mid Cap ETF by 95.5% in the 3rd quarter. Advisory Services Network LLC now owns 14,531 shares of the company’s stock valued at $940,000 after acquiring an additional 7,098 shares during the last quarter. Garrett Wealth Advisory Group LLC increased its stake in John Hancock Multifactor Mid Cap ETF by 3.2% in the third quarter. Garrett Wealth Advisory Group LLC now owns 534,677 shares of the company’s stock worth $34,588,000 after purchasing an additional 16,504 shares during the period. Finally, Keystone Financial Group bought a new stake in shares of John Hancock Multifactor Mid Cap ETF during the third quarter worth $160,000.

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.