John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Reaches New 52-Week High – What’s Next?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $76.82 and last traded at $76.75, with a volume of 43838 shares. The stock had previously closed at $76.27.

John Hancock Multifactor Mid Cap ETF Trading Up 0.4%

The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 19.18 and a beta of 0.99. The company has a 50-day moving average of $74.17 and a 200-day moving average of $71.48.

Institutional Trading of John Hancock Multifactor Mid Cap ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. lifted its position in shares of John Hancock Multifactor Mid Cap ETF by 22.0% in the 2nd quarter. Raymond James Financial Inc. now owns 2,768,787 shares of the company’s stock worth $169,256,000 after buying an additional 499,311 shares during the last quarter. Nvest Wealth Strategies Inc. acquired a new stake in John Hancock Multifactor Mid Cap ETF during the fourth quarter worth about $28,261,000. Rockefeller Capital Management L.P. lifted its holdings in John Hancock Multifactor Mid Cap ETF by 248.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 375,081 shares of the company’s stock worth $24,560,000 after acquiring an additional 267,590 shares during the last quarter. Align Financial LLC bought a new position in John Hancock Multifactor Mid Cap ETF in the fourth quarter worth about $14,025,000. Finally, Elevation Point Wealth Partners LLC boosted its stake in John Hancock Multifactor Mid Cap ETF by 459.4% in the first quarter. Elevation Point Wealth Partners LLC now owns 233,406 shares of the company’s stock valued at $15,666,000 after acquiring an additional 191,679 shares during the period.

About John Hancock Multifactor Mid Cap ETF

The John Hancock Multifactor Mid Cap ETF (JHMM) is an exchange-traded fund that is based on the John Hancock Dimensional Mid Cap index. The fund tracks an index of US firms ranked 200-950 by size, weighted by multiple factors relative to their sector peers. JHMM was launched on Sep 28, 2015 and is managed by John Hancock.