John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Reaches New 1-Year High – What’s Next?

Shares of John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) reached a new 52-week high on Tuesday . The stock traded as high as $76.82 and last traded at $76.75, with a volume of 43838 shares traded. The stock had previously closed at $76.27.

John Hancock Multifactor Mid Cap ETF Trading Up 0.5%

The firm has a 50-day moving average of $74.29 and a 200 day moving average of $71.58. The company has a market cap of $6.15 billion, a P/E ratio of 19.18 and a beta of 0.99.

Institutional Trading of John Hancock Multifactor Mid Cap ETF

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. raised its holdings in John Hancock Multifactor Mid Cap ETF by 22.0% during the second quarter. Raymond James Financial Inc. now owns 2,768,787 shares of the company’s stock worth $169,256,000 after buying an additional 499,311 shares during the last quarter. Nvest Wealth Strategies Inc. bought a new stake in shares of John Hancock Multifactor Mid Cap ETF during the fourth quarter worth about $28,261,000. Rockefeller Capital Management L.P. increased its holdings in John Hancock Multifactor Mid Cap ETF by 248.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 375,081 shares of the company’s stock worth $24,560,000 after purchasing an additional 267,590 shares in the last quarter. Align Financial LLC bought a new position in shares of John Hancock Multifactor Mid Cap ETF in the fourth quarter valued at approximately $14,025,000. Finally, Elevation Point Wealth Partners LLC boosted its position in shares of John Hancock Multifactor Mid Cap ETF by 459.4% during the first quarter. Elevation Point Wealth Partners LLC now owns 233,406 shares of the company’s stock valued at $15,666,000 after buying an additional 191,679 shares during the last quarter.

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.