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

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEMGet Free Report) hit a new 52-week high on Tuesday . The company traded as high as $40.60 and last traded at $40.60, with a volume of 7526 shares. The stock had previously closed at $39.14.

John Hancock Multifactor Emerging Markets ETF Stock Up 3.9%

The business’s 50 day moving average is $36.77 and its two-hundred day moving average is $35.07. The firm has a market cap of $1.03 billion, a P/E ratio of 13.85 and a beta of 0.68.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in John Hancock Multifactor Emerging Markets ETF by 2.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 23,179 shares of the company’s stock worth $734,000 after buying an additional 604 shares during the last quarter. AE Wealth Management LLC bought a new position in John Hancock Multifactor Emerging Markets ETF during the third quarter worth $51,000. Stratos Wealth Partners LTD. bought a new position in John Hancock Multifactor Emerging Markets ETF during the fourth quarter worth $201,000. CoreCap Advisors LLC raised its stake in John Hancock Multifactor Emerging Markets ETF by 14.6% during the fourth quarter. CoreCap Advisors LLC now owns 54,061 shares of the company’s stock worth $1,779,000 after buying an additional 6,889 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in John Hancock Multifactor Emerging Markets ETF during the fourth quarter worth $230,000.

About John Hancock Multifactor Emerging Markets ETF

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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.

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