John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 52-Week High – Here’s What Happened

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $40.60 and last traded at $40.60, with a volume of 7526 shares trading hands. The stock had previously closed at $39.14.

John Hancock Multifactor Emerging Markets ETF Stock Up 3.9%

The company’s 50 day moving average price is $36.77 and its 200-day moving average price is $35.07. The stock has a market cap of $1.03 billion, a P/E ratio of 13.85 and a beta of 0.68.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

Several large investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of John Hancock Multifactor Emerging Markets ETF by 36.1% during the first quarter. Bank of America Corp DE now owns 302,848 shares of the company’s stock valued at $10,375,000 after acquiring an additional 80,299 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of John Hancock Multifactor Emerging Markets ETF by 18.3% during the first quarter. The Manufacturers Life Insurance Company now owns 19,040,181 shares of the company’s stock valued at $652,279,000 after acquiring an additional 2,947,062 shares during the last quarter. NewEdge Wealth LLC bought a new position in shares of John Hancock Multifactor Emerging Markets ETF during the first quarter valued at $2,412,000. Simplicity Wealth LLC raised its stake in shares of John Hancock Multifactor Emerging Markets ETF by 27.9% during the first quarter. Simplicity Wealth LLC now owns 158,586 shares of the company’s stock valued at $5,433,000 after acquiring an additional 34,585 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of John Hancock Multifactor Emerging Markets ETF by 135.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 31,995 shares of the company’s stock valued at $1,053,000 after acquiring an additional 18,401 shares during the last quarter.

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.