John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Reaches New 1-Year High – Still a Buy?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $73.01 and last traded at $72.73, with a volume of 22477 shares traded. The stock had previously closed at $72.22.

John Hancock Multifactor Mid Cap ETF Price Performance

The stock has a 50 day simple moving average of $69.32 and a two-hundred day simple moving average of $67.73. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 19.18 and a beta of 1.00.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

A number of hedge funds have recently modified their holdings of the company. MCF Advisors LLC purchased a new position in John Hancock Multifactor Mid Cap ETF during the fourth quarter worth about $30,000. Hantz Financial Services Inc. purchased a new stake in shares of John Hancock Multifactor Mid Cap ETF in the 4th quarter valued at approximately $32,000. Pittenger & Anderson Inc. acquired a new stake in shares of John Hancock Multifactor Mid Cap ETF during the 1st quarter worth approximately $34,000. Elyxium Wealth LLC purchased a new stake in shares of John Hancock Multifactor Mid Cap ETF during the 4th quarter valued at approximately $34,000. Finally, Strive Financial Group LLC purchased a new stake in shares of John Hancock Multifactor Mid Cap ETF during the 4th quarter valued at approximately $36,000.

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.