John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sees Large Volume Increase – Here’s Why

Shares of John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) saw unusually-high trading volume on Monday . Approximately 402,675 shares traded hands during trading, an increase of 63% from the previous session’s volume of 247,528 shares.The stock last traded at $60.45 and had previously closed at $60.36.

John Hancock Multifactor Mid Cap ETF Stock Up 0.2 %

The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 17.17 and a beta of 1.02. The company’s 50-day simple moving average is $62.12 and its 200-day simple moving average is $59.25.

Hedge Funds Weigh In On John Hancock Multifactor Mid Cap ETF

Institutional investors have recently bought and sold shares of the stock. Strategic Financial Concepts LLC boosted its holdings in shares of John Hancock Multifactor Mid Cap ETF by 6,354.7% in the second quarter. Strategic Financial Concepts LLC now owns 999,189 shares of the company’s stock worth $550,000 after buying an additional 983,709 shares during the period. LPL Financial LLC lifted its position in shares of John Hancock Multifactor Mid Cap ETF by 8.3% in the 2nd quarter. LPL Financial LLC now owns 4,314,905 shares of the company’s stock valued at $237,492,000 after acquiring an additional 331,127 shares in the last quarter. Larson Financial Group LLC boosted its stake in John Hancock Multifactor Mid Cap ETF by 1,105.8% in the 3rd quarter. Larson Financial Group LLC now owns 82,127 shares of the company’s stock worth $4,944,000 after purchasing an additional 75,316 shares during the period. Sanctuary Advisors LLC purchased a new position in John Hancock Multifactor Mid Cap ETF during the 2nd quarter worth approximately $3,824,000. Finally, Smith Thornton Advisors LLC purchased a new position in John Hancock Multifactor Mid Cap ETF during the 2nd quarter worth approximately $3,304,000.

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.