John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Reaches New 52-Week High – What’s Next?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) reached a new 52-week high on Tuesday . The company traded as high as $73.39 and last traded at $73.33, with a volume of 26106 shares changing hands. The stock had previously closed at $72.60.

John Hancock Multifactor Mid Cap ETF Stock Performance

The firm has a 50 day moving average price of $69.88 and a two-hundred day moving average price of $68.33. The company has a market capitalization of $5.52 billion, a P/E ratio of 19.18 and a beta of 1.00.

Institutional Trading of John Hancock Multifactor Mid Cap ETF

A number of large investors have recently bought and sold shares of JHMM. Diversify Advisory Services LLC bought a new stake in shares of John Hancock Multifactor Mid Cap ETF in the 4th quarter worth about $763,000. Linscomb Wealth Inc. grew its stake in John Hancock Multifactor Mid Cap ETF by 20.1% during the third quarter. Linscomb Wealth Inc. now owns 84,063 shares of the company’s stock worth $5,438,000 after buying an additional 14,062 shares during the last quarter. HORAN Wealth LLC acquired a new stake in shares of John Hancock Multifactor Mid Cap ETF during the third quarter worth approximately $667,000. Concurrent Investment Advisors LLC raised its stake in shares of John Hancock Multifactor Mid Cap ETF by 21.1% in the fourth quarter. Concurrent Investment Advisors LLC now owns 45,691 shares of the company’s stock valued at $2,992,000 after acquiring an additional 7,969 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of John Hancock Multifactor Mid Cap ETF in the 3rd quarter worth approximately $2,496,000.

About John Hancock Multifactor Mid Cap ETF

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.