John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Reaches New 12-Month High – Still a Buy?

Shares of John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) hit a new 52-week high during trading on Tuesday . The company traded as high as $75.53 and last traded at $75.48, with a volume of 32698 shares. The stock had previously closed at $74.95.

John Hancock Multifactor Mid Cap ETF Stock Up 1.8%

The stock has a market capitalization of $6.11 billion, a PE ratio of 19.18 and a beta of 0.98. The firm’s fifty day moving average price is $73.88 and its two-hundred day moving average price is $71.22.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

Large investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC bought a new position in shares of John Hancock Multifactor Mid Cap ETF during the 4th quarter valued at $30,000. Hantz Financial Services Inc. bought a new stake in shares of John Hancock Multifactor Mid Cap ETF in the fourth quarter worth $32,000. Elyxium Wealth LLC purchased a new stake in John Hancock Multifactor Mid Cap ETF during the fourth quarter valued at $34,000. Pittenger & Anderson Inc. purchased a new stake in John Hancock Multifactor Mid Cap ETF during the first quarter valued at $34,000. Finally, Strive Financial Group LLC bought a new position in John Hancock Multifactor Mid Cap ETF in the fourth quarter valued at about $36,000.

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.