John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Large Volume Increase – Should You Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) shares saw strong trading volume on Monday . 34,243 shares changed hands during mid-day trading, an increase of 51% from the previous session’s volume of 22,636 shares.The stock last traded at $33.8250 and had previously closed at $33.60.

John Hancock Multifactor Emerging Markets ETF Price Performance

The stock has a market capitalization of $648.77 million, a price-to-earnings ratio of 13.85 and a beta of 0.65. The firm’s fifty day moving average is $32.70 and its 200-day moving average is $31.22.

Institutional Trading of John Hancock Multifactor Emerging Markets ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pallas Capital Advisors LLC increased its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 3.8% in the 3rd quarter. Pallas Capital Advisors LLC now owns 597,624 shares of the company’s stock valued at $18,918,000 after acquiring an additional 22,151 shares during the last quarter. Brueske Advisory Services LLC increased its stake in John Hancock Multifactor Emerging Markets ETF by 8.0% during the third quarter. Brueske Advisory Services LLC now owns 532,856 shares of the company’s stock valued at $16,868,000 after purchasing an additional 39,298 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 435.3% during the first quarter. Jane Street Group LLC now owns 302,931 shares of the company’s stock worth $8,076,000 after purchasing an additional 246,336 shares during the period. Bank of America Corp DE raised its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 18.6% during the second quarter. Bank of America Corp DE now owns 221,287 shares of the company’s stock worth $6,459,000 after purchasing an additional 34,629 shares during the period. Finally, Simplicity Wealth LLC lifted its position in shares of John Hancock Multifactor Emerging Markets ETF by 262.4% in the 2nd quarter. Simplicity Wealth LLC now owns 119,166 shares of the company’s stock worth $3,478,000 after buying an additional 86,284 shares during the last quarter.

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.