John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 52-Week High – What’s Next?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) reached a new 52-week high during trading on Friday . The company traded as high as $33.57 and last traded at $33.5010, with a volume of 4975 shares. The stock had previously closed at $32.90.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The business’s 50-day moving average price is $32.68 and its 200-day moving average price is $31.15. The stock has a market cap of $654.69 million, a P/E ratio of 13.85 and a beta of 0.65.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

Several institutional investors and hedge funds have recently bought and sold shares of JHEM. Simplicity Wealth LLC raised its position in John Hancock Multifactor Emerging Markets ETF by 262.4% during the second quarter. Simplicity Wealth LLC now owns 119,166 shares of the company’s stock valued at $3,478,000 after acquiring an additional 86,284 shares in the last quarter. Pallas Capital Advisors LLC raised its position in shares of John Hancock Multifactor Emerging Markets ETF by 54.1% in the second quarter. Pallas Capital Advisors LLC now owns 575,473 shares of the company’s stock worth $16,798,000 after acquiring an additional 202,028 shares during the period. Brueske Advisory Services LLC raised its position in shares of John Hancock Multifactor Emerging Markets ETF by 19.3% in the second quarter. Brueske Advisory Services LLC now owns 493,558 shares of the company’s stock worth $14,407,000 after acquiring an additional 79,947 shares during the period. ORG Partners LLC purchased a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the 2nd quarter worth about $118,000. Finally, IFP Advisors Inc grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 3.4% during the 2nd quarter. IFP Advisors Inc now owns 25,355 shares of the company’s stock valued at $740,000 after acquiring an additional 829 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.