Waterloo Capital L.P. Cuts Holdings in John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM)

Waterloo Capital L.P. reduced its position in John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) by 23.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,521 shares of the company’s stock after selling 7,649 shares during the period. Waterloo Capital L.P.’s holdings in John Hancock Multifactor Emerging Markets ETF were worth $660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brueske Advisory Services LLC bought a new position in John Hancock Multifactor Emerging Markets ETF during the fourth quarter valued at $10,960,000. Jane Street Group LLC raised its position in shares of John Hancock Multifactor Emerging Markets ETF by 240.9% during the 3rd quarter. Jane Street Group LLC now owns 126,217 shares of the company’s stock valued at $3,610,000 after buying an additional 89,194 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF in the 3rd quarter valued at about $726,000. Raymond James Financial Inc. purchased a new position in John Hancock Multifactor Emerging Markets ETF in the fourth quarter worth about $652,000. Finally, Independent Advisor Alliance purchased a new position in John Hancock Multifactor Emerging Markets ETF in the fourth quarter worth about $472,000.

John Hancock Multifactor Emerging Markets ETF Price Performance

Shares of JHEM stock opened at $24.85 on Monday. The company has a market cap of $544.22 million, a PE ratio of 13.59 and a beta of 0.72. John Hancock Multifactor Emerging Markets ETF has a 1 year low of $24.78 and a 1 year high of $29.24. The stock’s 50 day simple moving average is $26.65 and its two-hundred day simple moving average is $26.97.

John Hancock Multifactor Emerging Markets ETF Company Profile

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.