John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Hits New 52-Week High – Time to Buy?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) shares reached a new 52-week high during trading on Friday . The company traded as high as $70.20 and last traded at $70.1360, with a volume of 13350 shares trading hands. The stock had previously closed at $69.43.

John Hancock Multifactor Mid Cap ETF Price Performance

The business has a 50 day simple moving average of $67.34 and a 200-day simple moving average of $65.09. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 19.18 and a beta of 1.04.

Institutional Trading of John Hancock Multifactor Mid Cap ETF

Several hedge funds have recently bought and sold shares of the stock. Elyxium Wealth LLC bought a new position in John Hancock Multifactor Mid Cap ETF in the fourth quarter valued at approximately $34,000. IFP Advisors Inc lifted its position in 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 valued at $45,000 after acquiring an additional 234 shares in the last quarter. Caldwell Trust Co bought a new stake in John Hancock Multifactor Mid Cap ETF in the 2nd quarter valued at $48,000. Evolution Wealth Management Inc. acquired a new position in John Hancock Multifactor Mid Cap ETF in the 2nd quarter worth $61,000. Finally, TFC Financial Management Inc. bought a new position in John Hancock Multifactor Mid Cap ETF during the 2nd quarter worth about $72,000.

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.