John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Unusually-High Trading Volume – Still a Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) saw strong trading volume on Friday . 97,865 shares changed hands during trading, a decline of 10% from the previous session’s volume of 109,330 shares.The stock last traded at $35.46 and had previously closed at $35.84.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The stock has a market capitalization of $692.16 million, a P/E ratio of 13.85 and a beta of 0.65. The firm has a 50-day moving average price of $33.38 and a 200 day moving average price of $31.92.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of large investors have recently modified their holdings of the stock. Pallas Capital Advisors LLC increased its position in shares of John Hancock Multifactor Emerging Markets ETF by 5.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 632,251 shares of the company’s stock valued at $20,801,000 after buying an additional 34,627 shares during the period. Brueske Advisory Services LLC raised its holdings in John Hancock Multifactor Emerging Markets ETF by 8.0% in the third quarter. Brueske Advisory Services LLC now owns 532,856 shares of the company’s stock worth $16,868,000 after buying an additional 39,298 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of John Hancock Multifactor Emerging Markets ETF by 435.3% in the first quarter. Jane Street Group LLC now owns 302,931 shares of the company’s stock worth $8,076,000 after buying an additional 246,336 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 18.6% during the second quarter. Bank of America Corp DE now owns 221,287 shares of the company’s stock valued at $6,459,000 after buying an additional 34,629 shares during the last quarter. Finally, Simplicity Wealth LLC increased its position in shares of John Hancock Multifactor Emerging Markets ETF by 262.4% during the second quarter. Simplicity Wealth LLC now owns 119,166 shares of the company’s stock valued at $3,478,000 after acquiring an additional 86,284 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.