John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Hits New 52-Week High – Time to Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $40.60 and last traded at $40.60, with a volume of 7526 shares changing hands. The stock had previously closed at $39.14.

John Hancock Multifactor Emerging Markets ETF Price Performance

The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.85 and a beta of 0.68. The business has a 50 day simple moving average of $37.00 and a 200-day simple moving average of $35.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in John Hancock Multifactor Emerging Markets ETF by 18.3% in the first quarter. The Manufacturers Life Insurance Company now owns 19,040,181 shares of the company’s stock valued at $652,279,000 after acquiring an additional 2,947,062 shares during the period. Pallas Capital Advisors LLC boosted its position in shares of John Hancock Multifactor Emerging Markets ETF by 5.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 632,251 shares of the company’s stock worth $20,801,000 after buying an additional 34,627 shares during the period. LPL Financial LLC boosted its position in shares of John Hancock Multifactor Emerging Markets ETF by 2,155.4% during the fourth quarter. LPL Financial LLC now owns 527,802 shares of the company’s stock worth $17,365,000 after buying an additional 504,400 shares during the period. Jane Street Group LLC boosted its position in shares of John Hancock Multifactor Emerging Markets ETF by 435.3% during the first quarter. Jane Street Group LLC now owns 302,931 shares of the company’s stock worth $8,076,000 after buying an additional 246,336 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of John Hancock Multifactor Emerging Markets ETF by 36.1% during the first 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 during the period.

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.