John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sets New 12-Month High – Time to Buy?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $68.30 and last traded at $68.29, with a volume of 231582 shares. The stock had previously closed at $68.15.

John Hancock Multifactor Mid Cap ETF Trading Up 0.2%

The company has a 50-day moving average price of $65.61 and a two-hundred day moving average price of $64.25. The stock has a market cap of $4.78 billion, a P/E ratio of 19.18 and a beta of 1.04.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in shares of John Hancock Multifactor Mid Cap ETF by 50.3% during the 1st quarter. Jones Financial Companies Lllp now owns 796,488 shares of the company’s stock worth $45,360,000 after purchasing an additional 266,493 shares during the period. Granite Bay Wealth Management LLC lifted its stake in John Hancock Multifactor Mid Cap ETF by 14.8% in the second quarter. Granite Bay Wealth Management LLC now owns 129,293 shares of the company’s stock worth $7,904,000 after purchasing an additional 16,705 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in John Hancock Multifactor Mid Cap ETF by 34.0% in the second quarter. Elevation Wealth Partners LLC now owns 30,834 shares of the company’s stock worth $1,885,000 after purchasing an additional 7,823 shares during the last quarter. Balefire LLC purchased a new position in shares of John Hancock Multifactor Mid Cap ETF during the second quarter valued at approximately $228,000. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of John Hancock Multifactor Mid Cap ETF by 2.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 422,933 shares of the company’s stock valued at $25,854,000 after buying an additional 8,859 shares during the period.

John Hancock Multifactor Mid Cap ETF Company Profile

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.