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

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) shares saw unusually-strong trading volume on Friday . Approximately 129,494 shares were traded during mid-day trading, a decline of 0% from the previous session’s volume of 129,687 shares.The stock last traded at $25.83 and had previously closed at $25.60.

John Hancock Multifactor Emerging Markets ETF Stock Up 0.9 %

The stock’s fifty day moving average price is $26.50 and its 200-day moving average price is $27.09. The company has a market capitalization of $655.83 million, a price-to-earnings ratio of 11.25 and a beta of 0.87.

Institutional Trading of John Hancock Multifactor Emerging Markets ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its stake in John Hancock Multifactor Emerging Markets ETF by 240.9% in the third quarter. Jane Street Group LLC now owns 126,217 shares of the company’s stock valued at $3,610,000 after acquiring an additional 89,194 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in John Hancock Multifactor Emerging Markets ETF by 10.2% during the second quarter. Envestnet Asset Management Inc. now owns 385,015 shares of the company’s stock worth $10,291,000 after acquiring an additional 35,645 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 10.2% during the third quarter. Captrust Financial Advisors now owns 344,968 shares of the company’s stock worth $9,866,000 after acquiring an additional 31,989 shares during the period. JPMorgan Chase & Co. acquired a new stake in John Hancock Multifactor Emerging Markets ETF during the 3rd quarter worth approximately $726,000. Finally, Pallas Capital Advisors LLC boosted its stake in John Hancock Multifactor Emerging Markets ETF by 4.9% in the 3rd quarter. Pallas Capital Advisors LLC now owns 360,574 shares of the company’s stock valued at $10,053,000 after purchasing an additional 16,905 shares during the period.

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.