John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Stock Jumps 0.6% – Time to Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM)’s stock price was up 0.6% during trading on Monday. The stock traded as high as $38.37 and last traded at $38.18. Approximately 14,798 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 82,129 shares. The stock had previously closed at $37.97.

John Hancock Multifactor Emerging Markets ETF Trading Up 0.3%

The firm has a market capitalization of $937.49 million, a price-to-earnings ratio of 13.85 and a beta of 0.71. The firm has a fifty day moving average price of $39.89 and a 200 day moving average price of $39.20.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its position in John Hancock Multifactor Emerging Markets ETF by 13.2% in the second quarter. The Manufacturers Life Insurance Company now owns 21,548,669 shares of the company’s stock valued at $867,192,000 after purchasing an additional 2,508,488 shares in the last quarter. Bank of America Corp DE lifted its position in 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 worth $10,375,000 after buying an additional 80,299 shares in the last quarter. Simplicity Wealth LLC lifted its position in John Hancock Multifactor Emerging Markets ETF by 27.9% during the 1st quarter. Simplicity Wealth LLC now owns 158,586 shares of the company’s stock worth $5,433,000 after buying an additional 34,585 shares in the last quarter. CoreCap Advisors LLC lifted its position in John Hancock Multifactor Emerging Markets ETF by 21.2% during the 3rd quarter. CoreCap Advisors LLC now owns 70,152 shares of the company’s stock worth $2,781,000 after buying an additional 12,277 shares in the last quarter. Finally, NewEdge Wealth LLC acquired a new position in shares of John Hancock Multifactor Emerging Markets ETF during the 1st quarter worth about $2,412,000.

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.