John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Reaches New 52-Week High – Should You Buy?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) hit a new 52-week high during trading on Tuesday . The stock traded as high as $67.61 and last traded at $67.6140, with a volume of 73929 shares traded. The stock had previously closed at $67.05.

John Hancock Multifactor Mid Cap ETF Stock Performance

The stock’s fifty day moving average price is $65.27 and its 200-day moving average price is $63.98. The firm has a market cap of $4.74 billion, a PE ratio of 19.18 and a beta of 1.04.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

Several institutional investors have recently modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of John Hancock Multifactor Mid Cap ETF by 46.3% in the 2nd quarter. IFP Advisors Inc now owns 739 shares of the company’s stock worth $45,000 after acquiring an additional 234 shares during the period. Caldwell Trust Co acquired a new stake in John Hancock Multifactor Mid Cap ETF in the second quarter valued at $48,000. Evolution Wealth Management Inc. purchased a new position in shares of John Hancock Multifactor Mid Cap ETF in the second quarter valued at $61,000. TFC Financial Management Inc. acquired a new position in shares of John Hancock Multifactor Mid Cap ETF during the 2nd quarter worth $72,000. Finally, Root Financial Partners LLC acquired a new position in shares of John Hancock Multifactor Mid Cap ETF during the 3rd quarter worth $83,000.

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.