John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Stock Price Up 0.6% – Here’s Why

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

John Hancock Multifactor Emerging Markets ETF Price Performance

The stock has a market cap of $935.41 million, a price-to-earnings ratio of 13.85 and a beta of 0.71. The firm’s fifty day moving average price is $39.91 and its two-hundred day moving average price is $39.17.

Institutional Trading of John Hancock Multifactor Emerging Markets ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC raised its stake 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 during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in John Hancock Multifactor Emerging Markets ETF by 13.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,362 shares of the company’s stock worth $497,000 after acquiring an additional 1,436 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake 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 acquiring an additional 2,508,488 shares during the period. Citadel Advisors LLC grew its stake in John Hancock Multifactor Emerging Markets ETF by 311.2% in the second quarter. Citadel Advisors LLC now owns 31,234 shares of the company’s stock valued at $1,257,000 after acquiring an additional 23,639 shares during the period. Finally, Bank of America Corp DE grew its stake in John Hancock Multifactor Emerging Markets ETF by 36.1% in the first quarter. Bank of America Corp DE now owns 302,848 shares of the company’s stock valued at $10,375,000 after acquiring 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.