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

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) reached a new 52-week high on Friday . The company traded as high as $60.54 and last traded at $60.53, with a volume of 10052 shares. The stock had previously closed at $59.91.

John Hancock Multifactor Mid Cap ETF Stock Up 1.2 %

The business’s 50 day simple moving average is $58.04 and its two-hundred day simple moving average is $56.51. The stock has a market cap of $4.06 billion, a P/E ratio of 17.17 and a beta of 1.02.

Institutional Trading of John Hancock Multifactor Mid Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Granite Bay Wealth Management LLC lifted its holdings in shares of John Hancock Multifactor Mid Cap ETF by 7,274.6% during the second quarter. Granite Bay Wealth Management LLC now owns 5,390,290 shares of the company’s stock worth $298,558,000 after purchasing an additional 5,317,197 shares during the period. Strategic Financial Concepts LLC lifted its holdings in shares of John Hancock Multifactor Mid Cap ETF by 6,354.7% during the second quarter. Strategic Financial Concepts LLC now owns 999,189 shares of the company’s stock worth $550,000 after purchasing an additional 983,709 shares during the period. Cetera Investment Advisers lifted its holdings in shares of John Hancock Multifactor Mid Cap ETF by 462.1% during the first quarter. Cetera Investment Advisers now owns 678,937 shares of the company’s stock worth $38,957,000 after purchasing an additional 558,141 shares during the period. LPL Financial LLC lifted its holdings in shares of John Hancock Multifactor Mid Cap ETF by 8.3% during the second quarter. LPL Financial LLC now owns 4,314,905 shares of the company’s stock worth $237,492,000 after purchasing an additional 331,127 shares during the period. Finally, &PARTNERS lifted its holdings in John Hancock Multifactor Mid Cap ETF by 538.5% in the second quarter. &PARTNERS now owns 294,451 shares of the company’s stock valued at $16,207,000 after buying an additional 248,336 shares during the period.

John Hancock Multifactor Mid Cap ETF Company Profile

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.