John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Reaches New 52-Week High – Time to Buy?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $74.27 and last traded at $74.09, with a volume of 47431 shares. The stock had previously closed at $73.67.

John Hancock Multifactor Mid Cap ETF Trading Up 0.8%

The stock has a market capitalization of $5.60 billion, a PE ratio of 19.18 and a beta of 0.99. The stock’s fifty day simple moving average is $71.70 and its 200-day simple moving average is $69.23.

Hedge Funds Weigh In On John Hancock Multifactor Mid Cap ETF

A number of hedge funds have recently bought and sold shares of the company. Consolidated Portfolio Review Corp boosted its holdings in John Hancock Multifactor Mid Cap ETF by 3.0% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 6,776 shares of the company’s stock worth $438,000 after acquiring an additional 198 shares during the last quarter. Assetmark Inc. boosted its holdings in John Hancock Multifactor Mid Cap ETF by 2.7% during the 3rd quarter. Assetmark Inc. now owns 7,902 shares of the company’s stock worth $511,000 after acquiring an additional 205 shares during the last quarter. Betterment LLC boosted its holdings in John Hancock Multifactor Mid Cap ETF by 1.0% during the 2nd quarter. Betterment LLC now owns 22,036 shares of the company’s stock worth $1,347,000 after acquiring an additional 211 shares during the last quarter. Quad Cities Investment Group LLC boosted its holdings in John Hancock Multifactor Mid Cap ETF by 2.9% during the 4th quarter. Quad Cities Investment Group LLC now owns 7,720 shares of the company’s stock worth $505,000 after acquiring an additional 219 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in John Hancock Multifactor Mid Cap ETF by 8.8% during the 4th quarter. IFP Advisors Inc now owns 2,799 shares of the company’s stock worth $183,000 after acquiring an additional 227 shares during the last quarter.

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.