John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sets New 1-Year High – Time to Buy?

Shares of John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) hit a new 52-week high during trading on Thursday . The stock traded as high as $75.31 and last traded at $75.27, with a volume of 30467 shares. The stock had previously closed at $74.14.

John Hancock Multifactor Mid Cap ETF Trading Down 0.9%

The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 19.18 and a beta of 0.99. The stock’s 50 day moving average is $72.68 and its 200 day moving average is $69.85.

Hedge Funds Weigh In On John Hancock Multifactor Mid Cap ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. MCF Advisors LLC acquired a new stake in John Hancock Multifactor Mid Cap ETF during the 4th quarter worth approximately $30,000. Hantz Financial Services Inc. acquired a new position in John Hancock Multifactor Mid Cap ETF in the 4th quarter valued at $32,000. Pittenger & Anderson Inc. bought a new position in John Hancock Multifactor Mid Cap ETF during the 1st quarter worth $34,000. Elyxium Wealth LLC bought a new position in John Hancock Multifactor Mid Cap ETF during the 4th quarter worth $34,000. Finally, Strive Financial Group LLC acquired a new stake in shares of John Hancock Multifactor Mid Cap ETF during the fourth quarter worth $36,000.

About John Hancock Multifactor Mid Cap ETF

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.