John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sets New 1-Year High – Here’s Why

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) reached a new 52-week high on Wednesday . The company traded as high as $62.75 and last traded at $62.50, with a volume of 20184 shares traded. The stock had previously closed at $60.68.

John Hancock Multifactor Mid Cap ETF Stock Up 0.6 %

The stock has a market cap of $4.23 billion, a P/E ratio of 17.17 and a beta of 1.02. The business has a 50 day moving average price of $59.73 and a two-hundred day moving average price of $57.27.

Hedge Funds Weigh In On John Hancock Multifactor Mid Cap ETF

A number of hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its position in shares of John Hancock Multifactor Mid Cap ETF by 14.2% in the first quarter. Janney Montgomery Scott LLC now owns 5,301 shares of the company’s stock worth $304,000 after buying an additional 660 shares in the last quarter. Csenge Advisory Group purchased a new stake in shares of John Hancock Multifactor Mid Cap ETF in the first quarter worth about $209,000. Chilton Capital Management LLC lifted its position in shares of John Hancock Multifactor Mid Cap ETF by 17.1% in the first quarter. Chilton Capital Management LLC now owns 142,816 shares of the company’s stock worth $8,195,000 after buying an additional 20,843 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of John Hancock Multifactor Mid Cap ETF by 1.1% in the first quarter. Avantax Advisory Services Inc. now owns 566,744 shares of the company’s stock worth $32,520,000 after buying an additional 6,275 shares in the last quarter. Finally, Cozad Asset Management Inc. lifted its position in shares of John Hancock Multifactor Mid Cap ETF by 22.2% in the first quarter. Cozad Asset Management Inc. now owns 10,770 shares of the company’s stock worth $618,000 after buying an additional 1,960 shares in the last quarter.

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.