John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Hits New 1-Year High – Time to Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) hit a new 52-week high during trading on Friday . The stock traded as high as $38.38 and last traded at $38.31, with a volume of 881 shares traded. The stock had previously closed at $38.02.

John Hancock Multifactor Emerging Markets ETF Stock Up 0.5%

The company has a market capitalization of $966.97 million, a P/E ratio of 13.85 and a beta of 0.68. The firm has a 50-day moving average price of $35.82 and a two-hundred day moving average price of $34.34.

Institutional Trading of John Hancock Multifactor Emerging Markets ETF

Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in John Hancock Multifactor Emerging Markets ETF by 2.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 23,179 shares of the company’s stock worth $734,000 after acquiring an additional 604 shares in the last quarter. AE Wealth Management LLC bought a new position in John Hancock Multifactor Emerging Markets ETF in the 3rd quarter valued at $51,000. Stratos Wealth Partners LTD. acquired a new position in John Hancock Multifactor Emerging Markets ETF in the fourth quarter worth $201,000. CoreCap Advisors LLC boosted its stake in 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 worth $1,493,000 after purchasing an additional 6,392 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the fourth 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.