John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sets New 12-Month High – Should You Buy?

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) hit a new 52-week high during trading on Friday . The company traded as high as $36.90 and last traded at $36.9750, with a volume of 21700 shares trading hands. The stock had previously closed at $36.44.

John Hancock Multifactor Emerging Markets ETF Trading Up 1.9%

The stock has a market capitalization of $727.85 million, a PE ratio of 13.85 and a beta of 0.65. The business’s 50-day moving average is $34.39 and its two-hundred day moving average is $32.58.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of large investors have recently modified their holdings of the stock. Brueske Advisory Services LLC raised its stake in shares of John Hancock Multifactor Emerging Markets ETF by 8.0% during the third 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 during the period. Pallas Capital Advisors LLC boosted its stake in shares of John Hancock Multifactor Emerging Markets ETF by 3.8% in the third quarter. Pallas Capital Advisors LLC now owns 597,624 shares of the company’s stock valued at $18,918,000 after purchasing an additional 22,151 shares during the period. AE Wealth Management LLC acquired a new stake in John Hancock Multifactor Emerging Markets ETF during the 3rd quarter valued at $51,000. Ameriprise Financial Inc. purchased a new stake in John Hancock Multifactor Emerging Markets ETF during the 3rd quarter worth $228,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in John Hancock Multifactor Emerging Markets ETF during the 4th quarter worth $230,000.

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.