John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Hits New 12-Month High – What’s Next?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $74.27 and last traded at $74.09, with a volume of 47431 shares changing hands. The stock had previously closed at $73.67.

John Hancock Multifactor Mid Cap ETF Price Performance

The company has a market cap of $5.59 billion, a P/E ratio of 19.18 and a beta of 0.99. The company has a fifty day simple moving average of $71.57 and a 200-day simple moving average of $69.20.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of John Hancock Multifactor Mid Cap ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 1,265,480 shares of the company’s stock valued at $84,939,000 after buying an additional 75,170 shares in the last quarter. Graney & King LLC raised its stake in John Hancock Multifactor Mid Cap ETF by 96.6% during the 1st quarter. Graney & King LLC now owns 211,453 shares of the company’s stock valued at $14,193,000 after purchasing an additional 103,888 shares during the period. Arkadios Wealth Advisors raised its stake in John Hancock Multifactor Mid Cap ETF by 16.3% during the 1st quarter. Arkadios Wealth Advisors now owns 59,913 shares of the company’s stock valued at $4,021,000 after purchasing an additional 8,402 shares during the period. Empowered Funds LLC raised its stake in John Hancock Multifactor Mid Cap ETF by 1.3% during the 1st quarter. Empowered Funds LLC now owns 29,269 shares of the company’s stock valued at $1,965,000 after purchasing an additional 384 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in John Hancock Multifactor Mid Cap ETF during the 1st quarter valued at $268,000.

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.