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 Friday . The company traded as high as $74.27 and last traded at $74.09, with a volume of 47431 shares. The stock had previously closed at $73.67.

John Hancock Multifactor Mid Cap ETF Stock Up 0.7%

The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 19.18 and a beta of 0.99. The business has a 50-day simple moving average of $71.57 and a two-hundred day simple moving average of $69.20.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in John Hancock Multifactor Mid Cap ETF by 5.0% in the third quarter. Ameriprise Financial Inc. now owns 4,808,597 shares of the company’s stock worth $311,008,000 after purchasing an additional 230,997 shares during the period. LPL Financial LLC increased its holdings in shares of John Hancock Multifactor Mid Cap ETF by 2.1% in the fourth quarter. LPL Financial LLC now owns 4,281,549 shares of the company’s stock valued at $280,356,000 after buying an additional 89,575 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of John Hancock Multifactor Mid Cap ETF by 3.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,625,434 shares of the company’s stock valued at $237,393,000 after buying an additional 106,364 shares in the last quarter. Morgan Stanley increased its holdings in shares of John Hancock Multifactor Mid Cap ETF by 5.1% in the fourth quarter. Morgan Stanley now owns 2,914,232 shares of the company’s stock valued at $190,824,000 after buying an additional 140,174 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of John Hancock Multifactor Mid Cap ETF by 2.2% in the fourth quarter. Raymond James Financial Inc. now owns 2,853,524 shares of the company’s stock valued at $186,849,000 after buying an additional 60,174 shares in the last quarter.

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.