John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 12-Month High – What’s Next?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $38.38 and last traded at $38.31, with a volume of 881 shares changing hands. The stock had previously closed at $38.02.

John Hancock Multifactor Emerging Markets ETF Trading Up 0.5%

The stock has a market capitalization of $966.97 million, a P/E ratio of 13.85 and a beta of 0.68. The company has a fifty day simple moving average of $35.82 and a two-hundred day simple moving average of $34.34.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

Several large investors have recently bought and sold shares of the business. Brueske Advisory Services LLC grew its holdings in John Hancock Multifactor Emerging Markets ETF by 8.0% during the 3rd quarter. Brueske Advisory Services LLC now owns 532,856 shares of the company’s stock worth $16,868,000 after acquiring an additional 39,298 shares during the period. Pallas Capital Advisors LLC lifted its stake 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 purchasing an additional 22,151 shares during the period. Simplicity Wealth LLC boosted its position in shares of John Hancock Multifactor Emerging Markets ETF by 42.6% in the 4th quarter. Simplicity Wealth LLC now owns 124,001 shares of the company’s stock worth $4,080,000 after purchasing an additional 37,058 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of John Hancock Multifactor Emerging Markets ETF by 135.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 31,995 shares of the company’s stock worth $1,053,000 after purchasing an additional 18,401 shares during the last quarter. Finally, Financially in Tune LLC acquired a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the fourth quarter worth $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.