John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 1-Year High – Time to Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $34.27 and last traded at $34.06, with a volume of 106550 shares traded. The stock had previously closed at $34.25.

John Hancock Multifactor Emerging Markets ETF Price Performance

The firm has a market cap of $653.95 million, a P/E ratio of 13.85 and a beta of 0.65. The stock’s 50 day moving average is $32.75 and its two-hundred day moving average is $31.32.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

Several hedge funds and other institutional investors have recently modified their holdings of JHEM. Simplicity Wealth LLC raised its stake in John Hancock Multifactor Emerging Markets ETF by 262.4% during the second quarter. Simplicity Wealth LLC now owns 119,166 shares of the company’s stock worth $3,478,000 after acquiring an additional 86,284 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 54.1% in the 2nd quarter. Pallas Capital Advisors LLC now owns 575,473 shares of the company’s stock worth $16,798,000 after purchasing an additional 202,028 shares during the last quarter. Brueske Advisory Services LLC increased its position in shares of John Hancock Multifactor Emerging Markets ETF by 19.3% during the 2nd quarter. Brueske Advisory Services LLC now owns 493,558 shares of the company’s stock worth $14,407,000 after purchasing an additional 79,947 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the 2nd quarter worth about $118,000. Finally, IFP Advisors Inc lifted its holdings in John Hancock Multifactor Emerging Markets ETF by 3.4% during the 2nd quarter. IFP Advisors Inc now owns 25,355 shares of the company’s stock valued at $740,000 after purchasing an additional 829 shares during the last quarter.

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.