John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Hits New 52-Week High – What’s Next?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) shares reached a new 52-week high on Friday . The company traded as high as $60.54 and last traded at $60.53, with a volume of 10052 shares traded. The stock had previously closed at $59.91.

John Hancock Multifactor Mid Cap ETF Price Performance

The firm has a market capitalization of $4.06 billion, a P/E ratio of 17.17 and a beta of 1.02. The stock’s 50-day simple moving average is $58.04 and its two-hundred day simple moving average is $56.51.

Hedge Funds Weigh In On John Hancock Multifactor Mid Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC bought a new position in shares of John Hancock Multifactor Mid Cap ETF during the second quarter worth $46,000. Ashton Thomas Private Wealth LLC bought a new position in John Hancock Multifactor Mid Cap ETF during the second quarter valued at $50,000. Pinnacle Bancorp Inc. bought a new position in John Hancock Multifactor Mid Cap ETF during the first quarter valued at $63,000. Bank & Trust Co bought a new position in John Hancock Multifactor Mid Cap ETF during the second quarter valued at $65,000. Finally, SJS Investment Consulting Inc. bought a new position in John Hancock Multifactor Mid Cap ETF during the second quarter valued at $86,000.

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.