John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Unusually-High Trading Volume – Here’s Why

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) saw unusually-strong trading volume on Monday . Approximately 34,243 shares were traded during trading, an increase of 51% from the previous session’s volume of 22,636 shares.The stock last traded at $33.8250 and had previously closed at $33.60.

John Hancock Multifactor Emerging Markets ETF Price Performance

The firm has a 50-day moving average of $32.74 and a 200-day moving average of $31.30. The stock has a market cap of $653.95 million, a PE ratio of 13.85 and a beta of 0.65.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP increased its holdings in John Hancock Multifactor Emerging Markets ETF by 162.1% in the 3rd quarter. Susquehanna International Group LLP now owns 105,844 shares of the company’s stock valued at $3,350,000 after acquiring an additional 65,458 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 2.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 23,179 shares of the company’s stock valued at $734,000 after purchasing an additional 604 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of John Hancock Multifactor Emerging Markets ETF during the third quarter valued at about $228,000. Pallas Capital Advisors LLC increased its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 3.8% in the third quarter. Pallas Capital Advisors LLC now owns 597,624 shares of the company’s stock worth $18,918,000 after purchasing an additional 22,151 shares during the last quarter. Finally, AE Wealth Management LLC purchased a new stake in shares of John Hancock Multifactor Emerging Markets ETF in the third quarter worth about $51,000.

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.