John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 52-Week Low – Here’s Why

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $24.78 and last traded at $24.90, with a volume of 6168 shares. The stock had previously closed at $26.26.

John Hancock Multifactor Emerging Markets ETF Stock Down 5.4 %

The firm has a fifty day moving average of $26.65 and a 200-day moving average of $26.97. The stock has a market capitalization of $544.22 million, a price-to-earnings ratio of 13.59 and a beta of 0.72.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JHEM. Rockefeller Capital Management L.P. boosted its stake in shares of John Hancock Multifactor Emerging Markets ETF by 2.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 16,667 shares of the company’s stock valued at $431,000 after acquiring an additional 393 shares during the last quarter. SigFig Wealth Management LLC boosted its stake in shares of John Hancock Multifactor Emerging Markets ETF by 3.9% during the 4th quarter. SigFig Wealth Management LLC now owns 22,763 shares of the company’s stock worth $586,000 after purchasing an additional 862 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 1.2% during the fourth quarter. Captrust Financial Advisors now owns 349,051 shares of the company’s stock worth $9,023,000 after buying an additional 4,083 shares in the last quarter. CoreCap Advisors LLC acquired a new position in shares of John Hancock Multifactor Emerging Markets ETF in the fourth quarter valued at approximately $272,000. Finally, Independent Advisor Alliance purchased a new position in shares of John Hancock Multifactor Emerging Markets ETF during the fourth quarter valued at approximately $472,000.

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.