John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sets New 1-Year High – Time to Buy?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $69.55 and last traded at $69.2570, with a volume of 195996 shares. The stock had previously closed at $67.95.

John Hancock Multifactor Mid Cap ETF Stock Up 1.9%

The firm has a market capitalization of $4.88 billion, a PE ratio of 19.18 and a beta of 1.04. The business has a 50-day moving average price of $66.20 and a 200-day moving average price of $64.57.

Institutional Trading of John Hancock Multifactor Mid Cap ETF

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its holdings in shares of John Hancock Multifactor Mid Cap ETF by 46.3% during 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 purchased a new stake in shares of John Hancock Multifactor Mid Cap ETF in the second quarter valued at about $48,000. Evolution Wealth Management Inc. acquired a new stake in John Hancock Multifactor Mid Cap ETF during the second quarter worth about $61,000. TFC Financial Management Inc. purchased a new position in John Hancock Multifactor Mid Cap ETF during the second quarter worth about $72,000. Finally, Root Financial Partners LLC purchased a new position in John Hancock Multifactor Mid Cap ETF during the third quarter worth about $83,000.

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.