John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 52-Week High – What’s Next?

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) reached a new 52-week high during trading on Thursday . The company traded as high as $39.91 and last traded at $39.87, with a volume of 9862 shares. The stock had previously closed at $38.74.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The company has a market cap of $1.01 billion, a PE ratio of 13.85 and a beta of 0.68. The stock’s 50 day moving average price is $35.92 and its 200-day moving average price is $34.48.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of institutional investors have recently made changes to their positions in the business. Simplicity Wealth LLC boosted its stake in shares of John Hancock Multifactor Emerging Markets ETF by 27.9% in the 1st quarter. Simplicity Wealth LLC now owns 158,586 shares of the company’s stock valued at $5,433,000 after purchasing an additional 34,585 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of John Hancock Multifactor Emerging Markets ETF by 135.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 31,995 shares of the company’s stock valued at $1,053,000 after purchasing an additional 18,401 shares in the last quarter. Financially in Tune LLC purchased a new stake in shares of John Hancock Multifactor Emerging Markets ETF in the 4th quarter valued at $278,000. Cetera Investment Advisers boosted its stake in shares of John Hancock Multifactor Emerging Markets ETF by 432.3% in the 4th quarter. Cetera Investment Advisers now owns 35,318 shares of the company’s stock valued at $1,162,000 after purchasing an additional 28,683 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of John Hancock Multifactor Emerging Markets ETF in the 4th quarter valued at $1,709,000.

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.