John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Large Volume Increase – Here’s What Happened

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) saw unusually-high trading volume on Wednesday . Approximately 1,002,246 shares traded hands during trading, an increase of 804% from the previous session’s volume of 110,870 shares.The stock last traded at $34.33 and had previously closed at $33.18.

John Hancock Multifactor Emerging Markets ETF Price Performance

The firm has a market cap of $677.38 million, a P/E ratio of 13.85 and a beta of 0.65. The stock’s 50-day simple moving average is $35.46 and its two-hundred day simple moving average is $33.63.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

Several hedge funds have recently added to or reduced their stakes in the company. AE Wealth Management LLC purchased a new stake in John Hancock Multifactor Emerging Markets ETF in the 3rd quarter worth about $51,000. Stratos Wealth Partners LTD. purchased a new position in shares of John Hancock Multifactor Emerging Markets ETF during the fourth quarter valued at approximately $201,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of John Hancock Multifactor Emerging Markets ETF during the fourth quarter valued at approximately $230,000. Ameriprise Financial Inc. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF during the third quarter valued at approximately $228,000. Finally, Financially in Tune LLC bought a new position in shares of John Hancock Multifactor Emerging Markets ETF during the fourth quarter valued at approximately $278,000.

About John Hancock Multifactor Emerging Markets ETF

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.