John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Hits New 1-Year High – Still a Buy?

Shares of John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) reached a new 52-week high on Friday . The company traded as high as $65.70 and last traded at $65.67, with a volume of 8592 shares changing hands. The stock had previously closed at $65.04.

John Hancock Multifactor Mid Cap ETF Stock Up 0.4%

The stock has a market capitalization of $4.48 billion, a PE ratio of 19.18 and a beta of 1.08. The business’s fifty day moving average is $64.31 and its two-hundred day moving average is $61.18.

Hedge Funds Weigh In On John Hancock Multifactor Mid Cap ETF

Hedge funds have recently modified their holdings of the stock. SVB Wealth LLC acquired a new position in shares of John Hancock Multifactor Mid Cap ETF during the first quarter valued at about $29,000. Golden State Wealth Management LLC acquired a new position in shares of John Hancock Multifactor Mid Cap ETF during the first quarter valued at about $34,000. IFP Advisors Inc increased its holdings in shares of John Hancock Multifactor Mid Cap ETF by 46.3% during the second quarter. IFP Advisors Inc now owns 739 shares of the company’s stock valued at $45,000 after acquiring an additional 234 shares in the last quarter. Caldwell Trust Co acquired a new position in shares of John Hancock Multifactor Mid Cap ETF during the second quarter valued at about $48,000. Finally, Evolution Wealth Management Inc. purchased a new stake in John Hancock Multifactor Mid Cap ETF in the second quarter valued at approximately $61,000.

John Hancock Multifactor Mid Cap ETF Company Profile

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.