John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Large Volume Increase – Still a Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) shares saw an uptick in trading volume on Friday . 38,926 shares traded hands during trading, an increase of 82% from the previous session’s volume of 21,381 shares.The stock last traded at $25.27 and had previously closed at $25.70.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The company has a market cap of $639.83 million, a PE ratio of 11.25 and a beta of 0.87. The company has a 50 day simple moving average of $26.73 and a two-hundred day simple moving average of $27.14.

Institutional Trading of John Hancock Multifactor Emerging Markets ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. TNF LLC increased its position in John Hancock Multifactor Emerging Markets ETF by 5.3% in the 3rd quarter. TNF LLC now owns 9,436 shares of the company’s stock worth $263,000 after purchasing an additional 471 shares during the last quarter. SigFig Wealth Management LLC raised its position in John Hancock Multifactor Emerging Markets ETF by 6.9% during the second quarter. SigFig Wealth Management LLC now owns 20,232 shares of the company’s stock valued at $541,000 after acquiring an additional 1,303 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in John Hancock Multifactor Emerging Markets ETF in the third quarter valued at approximately $726,000. Private Advisor Group LLC grew its position in John Hancock Multifactor Emerging Markets ETF by 22.2% in the second quarter. Private Advisor Group LLC now owns 26,074 shares of the company’s stock worth $697,000 after acquiring an additional 4,736 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of John Hancock Multifactor Emerging Markets ETF by 1.8% during the 2nd 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 during the last quarter.

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.