John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Strong Trading Volume – Should You Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) saw unusually-high trading volume on Friday . Approximately 1,256,990 shares changed hands during mid-day trading, an increase of 1,171% from the previous session’s volume of 98,863 shares.The stock last traded at $34.00 and had previously closed at $34.76.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The stock’s 50-day moving average price is $35.52 and its two-hundred day moving average price is $33.39. The stock has a market capitalization of $666.20 million, a PE ratio of 13.85 and a beta of 0.65.

Institutional Trading of John Hancock Multifactor Emerging Markets ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC raised its stake in John Hancock Multifactor Emerging Markets ETF by 2,155.4% during the fourth quarter. LPL Financial LLC now owns 527,802 shares of the company’s stock valued at $17,365,000 after buying an additional 504,400 shares during the last quarter. Jane Street Group LLC raised its position in shares of John Hancock Multifactor Emerging Markets ETF by 435.3% in the 1st quarter. Jane Street Group LLC now owns 302,931 shares of the company’s stock worth $8,076,000 after purchasing an additional 246,336 shares during the last quarter. Susquehanna International Group LLP boosted its stake 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 worth $3,350,000 after purchasing an additional 65,458 shares in the last quarter. Focus Partners Wealth purchased a new stake in John Hancock Multifactor Emerging Markets ETF during the 4th quarter valued at about $1,709,000. Finally, Brueske Advisory Services LLC increased its stake in John Hancock Multifactor Emerging Markets ETF by 8.0% during the 3rd quarter. Brueske Advisory Services LLC now owns 532,856 shares of the company’s stock valued at $16,868,000 after purchasing an additional 39,298 shares in the last quarter.

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.