Convergence Financial LLC Takes $1.36 Million Position in John Hancock Multifactor Mid Cap ETF $JHMM

Convergence Financial LLC acquired a new stake in John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 21,013 shares of the company’s stock, valued at approximately $1,359,000.

Several other hedge funds have also recently bought and sold shares of JHMM. Caldwell Trust Co bought a new position in John Hancock Multifactor Mid Cap ETF during the second quarter valued at about $48,000. Evolution Wealth Management Inc. bought a new position in shares of John Hancock Multifactor Mid Cap ETF in the 2nd quarter valued at approximately $61,000. Root Financial Partners LLC bought a new position in shares of John Hancock Multifactor Mid Cap ETF in the 3rd quarter valued at approximately $83,000. Fifth Third Bancorp lifted its holdings in John Hancock Multifactor Mid Cap ETF by 25.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,914 shares of the company’s stock worth $124,000 after purchasing an additional 389 shares during the last quarter. Finally, AE Wealth Management LLC bought a new stake in John Hancock Multifactor Mid Cap ETF during the second quarter worth approximately $190,000.

John Hancock Multifactor Mid Cap ETF Stock Up 0.6%

NYSEARCA:JHMM opened at $71.39 on Friday. The company’s 50 day moving average is $68.40 and its 200-day moving average is $65.72. John Hancock Multifactor Mid Cap ETF has a 12 month low of $49.29 and a 12 month high of $71.72. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 19.18 and a beta of 1.04.

John Hancock Multifactor Mid Cap ETF 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.