John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Large Volume Increase – Still a Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) shares saw an uptick in trading volume on Thursday . 302,844 shares changed hands during trading, an increase of 240% from the previous session’s volume of 89,078 shares.The stock last traded at $34.76 and had previously closed at $35.58.

John Hancock Multifactor Emerging Markets ETF Stock Down 2.1%

The stock has a 50-day moving average of $35.17 and a 200 day moving average of $33.04. The stock has a market cap of $682.67 million, a PE ratio of 13.85 and a beta of 0.65.

Institutional Trading of John Hancock Multifactor Emerging Markets ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the 2nd quarter valued at approximately $26,000. AE Wealth Management LLC purchased a new stake in John Hancock Multifactor Emerging Markets ETF in the third quarter valued at $51,000. Stratos Wealth Partners LTD. acquired a new position in shares of John Hancock Multifactor Emerging Markets ETF in the 4th quarter valued at $201,000. Ameriprise Financial Inc. acquired a new position in shares of John Hancock Multifactor Emerging Markets ETF in the 3rd quarter valued at $228,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of John Hancock Multifactor Emerging Markets ETF during the 4th quarter worth $230,000.

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.