John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Shares Gap Down to $26.30

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $26.30, but opened at $25.39. John Hancock Multifactor Emerging Markets ETF shares last traded at $25.45, with a volume of 542 shares trading hands.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The stock has a fifty day simple moving average of $26.90 and a two-hundred day simple moving average of $26.16. The stock has a market cap of $648.72 million, a price-to-earnings ratio of 11.25 and a beta of 0.87.

John Hancock Multifactor Emerging Markets ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 26th were issued a dividend of $0.375 per share. This is an increase from John Hancock Multifactor Emerging Markets ETF’s previous dividend of $0.34. The ex-dividend date was Wednesday, June 26th.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

Several institutional investors have recently made changes to their positions in JHEM. Pallas Capital Advisors LLC lifted its position in shares of John Hancock Multifactor Emerging Markets ETF by 6.0% in the 2nd quarter. Pallas Capital Advisors LLC now owns 343,669 shares of the company’s stock worth $9,309,000 after purchasing an additional 19,391 shares during the period. OLD Mission Capital LLC grew its stake in shares of John Hancock Multifactor Emerging Markets ETF by 35.0% during the 1st quarter. OLD Mission Capital LLC now owns 126,672 shares of the company’s stock valued at $3,284,000 after acquiring an additional 32,848 shares during the period. Waterloo Capital L.P. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF in the fourth quarter worth approximately $1,417,000. Commonwealth Equity Services LLC increased its stake in shares of John Hancock Multifactor Emerging Markets ETF by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 41,670 shares of the company’s stock worth $1,114,000 after purchasing an additional 733 shares in the last quarter. Finally, Evensky & Katz LLC raised its position in shares of John Hancock Multifactor Emerging Markets ETF by 1.4% during the 2nd quarter. Evensky & Katz LLC now owns 31,769 shares of the company’s stock valued at $849,000 after purchasing an additional 438 shares during the period.

About John Hancock Multifactor Emerging Markets ETF

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.