John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Large Volume Increase – Still a Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) saw strong trading volume on Thursday . 302,844 shares changed hands during trading, an increase of 240% from the previous session’s volume of 89,078 shares.The stock last traded at $34.76 and had previously closed at $35.58.

John Hancock Multifactor Emerging Markets ETF Stock Down 0.5%

The firm has a market cap of $679.14 million, a P/E ratio of 13.85 and a beta of 0.65. The firm’s 50-day simple moving average is $35.24 and its 200 day simple moving average is $33.08.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

Several large investors have recently modified their holdings of JHEM. Northwestern Mutual Wealth Management Co. lifted its stake in John Hancock Multifactor Emerging Markets ETF by 2.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 23,179 shares of the company’s stock valued at $734,000 after purchasing an additional 604 shares during the last quarter. Assetmark Inc. purchased a new stake in John Hancock Multifactor Emerging Markets ETF in the second quarter worth $26,000. AE Wealth Management LLC purchased a new stake in John Hancock Multifactor Emerging Markets ETF in the third quarter worth $51,000. Stratos Wealth Partners LTD. bought a new stake in shares of John Hancock Multifactor Emerging Markets ETF in the fourth quarter valued at $201,000. Finally, CoreCap Advisors LLC raised its stake in shares of John Hancock Multifactor Emerging Markets ETF by 15.7% in the third quarter. CoreCap Advisors LLC now owns 47,172 shares of the company’s stock valued at $1,493,000 after buying an additional 6,392 shares during the period.

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.