John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 52-Week High – Should You Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) shares reached a new 52-week high on Thursday . The company traded as high as $34.87 and last traded at $34.88, with a volume of 14824 shares traded. The stock had previously closed at $34.54.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The stock’s 50 day simple moving average is $33.03 and its two-hundred day simple moving average is $31.68. The firm has a market capitalization of $686.35 million, a PE ratio of 13.85 and a beta of 0.65.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JHEM. Jane Street Group LLC lifted its position in shares of John Hancock Multifactor Emerging Markets ETF by 435.3% during the 1st quarter. Jane Street Group LLC now owns 302,931 shares of the company’s stock worth $8,076,000 after buying an additional 246,336 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the second quarter worth about $118,000. Brueske Advisory Services LLC lifted its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 19.3% in the 2nd quarter. Brueske Advisory Services LLC now owns 493,558 shares of the company’s stock valued at $14,407,000 after purchasing an additional 79,947 shares during the last quarter. Simplicity Wealth LLC boosted its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 262.4% in the second quarter. Simplicity Wealth LLC now owns 119,166 shares of the company’s stock valued at $3,478,000 after acquiring an additional 86,284 shares during the period. Finally, IFP Advisors Inc boosted its stake in John Hancock Multifactor Emerging Markets ETF by 3.4% during the 2nd quarter. IFP Advisors Inc now owns 25,355 shares of the company’s stock worth $740,000 after purchasing an additional 829 shares during the period.

About John Hancock Multifactor Emerging Markets ETF

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.