John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Share Price Breaks Above 50-Day Moving Average – Should You Sell?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM)’s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $73.50 and traded as high as $73.70. John Hancock Multifactor Mid Cap ETF shares last traded at $73.60, with a volume of 277,145 shares.

John Hancock Multifactor Mid Cap ETF Price Performance

The firm’s 50 day moving average is $73.42 and its 200 day moving average is $72.09. The company has a market capitalization of $6.03 billion, a PE ratio of 19.18 and a beta of 0.99.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

A number of large investors have recently added to or reduced their stakes in the company. MFG Investments LLC bought a new stake in John Hancock Multifactor Mid Cap ETF in the third quarter valued at $208,000. Frederick Financial Consultants LLC increased its position in John Hancock Multifactor Mid Cap ETF by 2.8% during the 3rd quarter. Frederick Financial Consultants LLC now owns 65,159 shares of the company’s stock valued at $4,659,000 after purchasing an additional 1,804 shares during the period. DORVAL Corp raised its holdings in John Hancock Multifactor Mid Cap ETF by 7.1% in the 3rd quarter. DORVAL Corp now owns 54,179 shares of the company’s stock worth $3,874,000 after purchasing an additional 3,569 shares in the last quarter. Vise Technologies Inc. bought a new position in John Hancock Multifactor Mid Cap ETF in the 3rd quarter worth $318,000. Finally, MGO One Seven LLC raised its holdings in John Hancock Multifactor Mid Cap ETF by 1.2% in the 3rd quarter. MGO One Seven LLC now owns 24,640 shares of the company’s stock worth $1,762,000 after purchasing an additional 282 shares in the last quarter.

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.