John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Large Volume Increase – Here’s What Happened

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) saw unusually-high trading volume on Monday . Approximately 92,075 shares traded hands during mid-day trading, an increase of 7% from the previous session’s volume of 86,263 shares.The stock last traded at $39.53 and had previously closed at $40.67.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The company has a market cap of $1.03 billion, a P/E ratio of 13.85 and a beta of 0.71. The business’s fifty day moving average is $39.31 and its two-hundred day moving average is $38.33.

John Hancock Multifactor Emerging Markets ETF Dividend Announcement

The firm also recently declared a semiannual dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th were issued a $0.2027 dividend. The ex-dividend date was Friday, June 26th. This represents a dividend yield of 102.0%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in JHEM. Ameriprise Financial Inc. purchased a new stake in John Hancock Multifactor Emerging Markets ETF during the third quarter valued at approximately $228,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of John Hancock Multifactor Emerging Markets ETF during the fourth quarter worth $230,000. Financially in Tune LLC purchased a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the 4th quarter valued at $278,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 2.7% during the 3rd 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. Finally, Rockefeller Capital Management L.P. boosted its position in shares of John Hancock Multifactor Emerging Markets ETF by 135.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 31,995 shares of the company’s stock worth $1,053,000 after purchasing an additional 18,401 shares in 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.