John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Large Volume Increase – Here’s What Happened

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) saw unusually-high trading volume on Thursday . Approximately 1,228,261 shares were traded during trading, an increase of 1,183% from the previous session’s volume of 95,700 shares.The stock last traded at $34.06 and had previously closed at $34.01.

John Hancock Multifactor Emerging Markets ETF Price Performance

The firm has a fifty day simple moving average of $35.52 and a two-hundred day simple moving average of $33.53. The firm has a market capitalization of $666.01 million, a P/E ratio of 13.85 and a beta of 0.65.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC purchased a new stake in John Hancock Multifactor Emerging Markets ETF during the third quarter valued at about $51,000. Stratos Wealth Partners LTD. bought a new stake in shares of John Hancock Multifactor Emerging Markets ETF in the fourth quarter valued at approximately $201,000. Ameriprise Financial Inc. purchased a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the 3rd quarter valued at approximately $228,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the 4th quarter valued at approximately $230,000. Finally, Financially in Tune LLC bought a new position in John Hancock Multifactor Emerging Markets ETF in the 4th quarter worth approximately $278,000.

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.