John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 12-Month High – Should You Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.15 and last traded at $42.10, with a volume of 2524 shares trading hands. The stock had previously closed at $41.96.

John Hancock Multifactor Emerging Markets ETF Price Performance

The stock has a market capitalization of $1.06 billion, a PE ratio of 13.85 and a beta of 0.69. The stock’s fifty day moving average is $39.16 and its 200-day moving average is $36.16.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 36.1% during the 1st quarter. Bank of America Corp DE now owns 302,848 shares of the company’s stock valued at $10,375,000 after acquiring an additional 80,299 shares during the period. The Manufacturers Life Insurance Company raised its holdings in John Hancock Multifactor Emerging Markets ETF by 18.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 19,040,181 shares of the company’s stock worth $652,279,000 after purchasing an additional 2,947,062 shares during the period. NewEdge Wealth LLC acquired a new position in John Hancock Multifactor Emerging Markets ETF in the 1st quarter worth about $2,412,000. Simplicity Wealth LLC boosted its position in John Hancock Multifactor Emerging Markets ETF by 27.9% during the first quarter. Simplicity Wealth LLC now owns 158,586 shares of the company’s stock worth $5,433,000 after purchasing an additional 34,585 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in John Hancock Multifactor Emerging Markets ETF by 135.4% during the fourth 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 in 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.