John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sets New 1-Year High – Time to Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $34.62 and last traded at $34.59, with a volume of 2225 shares. The stock had previously closed at $34.36.

John Hancock Multifactor Emerging Markets ETF Price Performance

The stock has a market cap of $673.18 million, a price-to-earnings ratio of 13.85 and a beta of 0.65. The firm has a 50 day simple moving average of $32.88 and a two-hundred day simple moving average of $31.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JHEM. Pallas Capital Advisors LLC grew its holdings in John Hancock Multifactor Emerging Markets ETF by 5.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 632,251 shares of the company’s stock valued at $20,801,000 after purchasing an additional 34,627 shares during the period. CoreCap Advisors LLC boosted its position in shares of John Hancock Multifactor Emerging Markets ETF by 14.6% during the fourth quarter. CoreCap Advisors LLC now owns 54,061 shares of the company’s stock worth $1,779,000 after purchasing an additional 6,889 shares in the last quarter. Susquehanna International Group LLP grew its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 162.1% in the 3rd quarter. Susquehanna International Group LLP now owns 105,844 shares of the company’s stock valued at $3,350,000 after buying an additional 65,458 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 2.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 23,179 shares of the company’s stock valued at $734,000 after buying an additional 604 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in shares of John Hancock Multifactor Emerging Markets ETF in the 3rd quarter valued at $228,000.

John Hancock Multifactor Emerging Markets ETF Company Profile

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.