John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sees Large Volume Increase – Should You Buy?

Shares of John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) saw strong trading volume on Wednesday . 826,533 shares were traded during trading, an increase of 333% from the previous session’s volume of 190,811 shares.The stock last traded at $63.27 and had previously closed at $63.01.

John Hancock Multifactor Mid Cap ETF Trading Up 0.4 %

The company has a market capitalization of $4.24 billion, a PE ratio of 17.17 and a beta of 1.02. The stock’s fifty day moving average is $61.93 and its two-hundred day moving average is $58.54.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

Several large investors have recently modified their holdings of the stock. ORG Partners LLC purchased a new stake in John Hancock Multifactor Mid Cap ETF in the 2nd quarter worth about $46,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of John Hancock Multifactor Mid Cap ETF in the second quarter worth about $50,000. Huntington National Bank raised its position in shares of John Hancock Multifactor Mid Cap ETF by 154.1% in the third quarter. Huntington National Bank now owns 986 shares of the company’s stock valued at $59,000 after purchasing an additional 598 shares during the period. CWM LLC lifted its stake in shares of John Hancock Multifactor Mid Cap ETF by 13.1% during the 2nd quarter. CWM LLC now owns 2,212 shares of the company’s stock valued at $122,000 after buying an additional 256 shares in the last quarter. Finally, Cassady Schiller Wealth Management LLC bought a new position in John Hancock Multifactor Mid Cap ETF in the 3rd quarter worth approximately $128,000.

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.