John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Unusually-High Trading Volume – Still a Buy?
by Michael Walen · The Markets DailyJohn Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM – Get Free Report) saw strong trading volume on Thursday . 870,092 shares changed hands during trading, an increase of 520% from the previous session’s volume of 140,254 shares.The stock last traded at $35.69 and had previously closed at $36.07.
John Hancock Multifactor Emerging Markets ETF Stock Up 0.1%
The firm’s 50-day moving average is $35.39 and its 200-day moving average is $33.74. The company has a market cap of $823.54 million, a PE ratio of 13.85 and a beta of 0.65.
Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF
Several hedge funds and other institutional investors have recently modified their holdings of JHEM. AE Wealth Management LLC purchased a new stake in John Hancock Multifactor Emerging Markets ETF in the third quarter worth about $51,000. Stratos Wealth Partners LTD. purchased a new stake in John Hancock Multifactor Emerging Markets ETF in the fourth quarter worth about $201,000. Ameriprise Financial Inc. purchased a new stake in John Hancock Multifactor Emerging Markets ETF in the third quarter worth about $228,000. Envestnet Portfolio Solutions Inc. purchased a new stake in John Hancock Multifactor Emerging Markets ETF in the fourth quarter worth about $230,000. Finally, Financially in Tune LLC purchased a new stake in John Hancock Multifactor Emerging Markets ETF in the fourth quarter worth about $278,000.
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.