John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Reaches New 52-Week High – What’s Next?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $73.39 and last traded at $73.33, with a volume of 26106 shares trading hands. The stock had previously closed at $72.60.

John Hancock Multifactor Mid Cap ETF Price Performance

The business has a 50 day simple moving average of $69.88 and a 200 day simple moving average of $68.33. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 19.18 and a beta of 1.00.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its position in John Hancock Multifactor Mid Cap ETF by 22.0% in the 2nd quarter. Raymond James Financial Inc. now owns 2,768,787 shares of the company’s stock valued at $169,256,000 after acquiring an additional 499,311 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of John Hancock Multifactor Mid Cap ETF by 1,466.6% during the third quarter. Thrivent Financial for Lutherans now owns 487,287 shares of the company’s stock worth $31,523,000 after purchasing an additional 456,183 shares in the last quarter. Nvest Wealth Strategies Inc. acquired a new position in shares of John Hancock Multifactor Mid Cap ETF during the fourth quarter worth approximately $28,261,000. Focus Partners Wealth grew its stake in shares of John Hancock Multifactor Mid Cap ETF by 40.1% during the third quarter. Focus Partners Wealth now owns 970,605 shares of the company’s stock valued at $62,438,000 after purchasing an additional 277,765 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of John Hancock Multifactor Mid Cap ETF by 24.7% during the third quarter. Jones Financial Companies Lllp now owns 1,387,326 shares of the company’s stock valued at $89,455,000 after purchasing an additional 274,723 shares during the last quarter.

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.