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

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) saw strong trading volume on Wednesday . 569,258 shares were traded during mid-day trading, an increase of 202% from the previous session’s volume of 188,196 shares.The stock last traded at $57.47 and had previously closed at $57.82.

John Hancock Multifactor Mid Cap ETF Price Performance

The company has a market cap of $3.91 billion, a P/E ratio of 19.40 and a beta of 1.11. The firm’s 50-day moving average is $60.63 and its two-hundred day moving average is $60.81.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank boosted its holdings in shares of John Hancock Multifactor Mid Cap ETF by 16.7% in the 4th quarter. Huntington National Bank now owns 1,151 shares of the company’s stock worth $69,000 after purchasing an additional 165 shares during the period. Arkadios Wealth Advisors increased its position in John Hancock Multifactor Mid Cap ETF by 0.5% during the fourth quarter. Arkadios Wealth Advisors now owns 35,243 shares of the company’s stock valued at $2,105,000 after acquiring an additional 174 shares during the last quarter. Avaii Wealth Management LLC raised its stake in shares of John Hancock Multifactor Mid Cap ETF by 0.9% in the fourth quarter. Avaii Wealth Management LLC now owns 22,113 shares of the company’s stock valued at $1,321,000 after acquiring an additional 190 shares during the period. SigFig Wealth Management LLC lifted its holdings in shares of John Hancock Multifactor Mid Cap ETF by 2.0% in the 4th quarter. SigFig Wealth Management LLC now owns 12,577 shares of the company’s stock worth $751,000 after acquiring an additional 251 shares during the last quarter. Finally, Grimes & Company Inc. boosted its stake in shares of John Hancock Multifactor Mid Cap ETF by 0.3% during the 4th quarter. Grimes & Company Inc. now owns 78,352 shares of the company’s stock worth $4,680,000 after purchasing an additional 260 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.