John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Hits New 12-Month High – What’s Next?

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

John Hancock Multifactor Mid Cap ETF Stock Performance

The company has a market capitalization of $6.08 billion, a PE ratio of 19.18 and a beta of 0.99. The stock’s 50 day moving average is $74.00 and its 200 day moving average is $71.32.

Hedge Funds Weigh In On John Hancock Multifactor Mid Cap ETF

A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in shares of John Hancock Multifactor Mid Cap ETF by 16.9% in the second quarter. JPMorgan Chase & Co. now owns 52,814 shares of the company’s stock worth $3,229,000 after buying an additional 7,635 shares in the last quarter. NewEdge Advisors LLC grew its stake in John Hancock Multifactor Mid Cap ETF by 99.7% during the second quarter. NewEdge Advisors LLC now owns 136,398 shares of the company’s stock valued at $8,338,000 after acquiring an additional 68,085 shares in the last quarter. Betterment LLC grew its stake in John Hancock Multifactor Mid Cap ETF by 1.0% during the second quarter. Betterment LLC now owns 22,036 shares of the company’s stock valued at $1,347,000 after acquiring an additional 211 shares in the last quarter. Raymond James Financial Inc. increased its holdings in John Hancock Multifactor Mid Cap ETF by 22.0% during the 2nd quarter. Raymond James Financial Inc. now owns 2,768,787 shares of the company’s stock worth $169,256,000 after acquiring an additional 499,311 shares during the period. Finally, Graney & King LLC increased its holdings in John Hancock Multifactor Mid Cap ETF by 9.4% during the 2nd quarter. Graney & King LLC now owns 65,944 shares of the company’s stock worth $4,031,000 after acquiring an additional 5,639 shares during the period.

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.