John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sees Unusually-High Trading Volume – Here’s Why

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) shares saw unusually-high trading volume on Monday . Approximately 402,675 shares changed hands during trading, an increase of 63% from the previous session’s volume of 247,528 shares.The stock last traded at $60.45 and had previously closed at $60.36.

John Hancock Multifactor Mid Cap ETF Stock Performance

The firm has a market cap of $4.03 billion, a PE ratio of 17.17 and a beta of 1.02. The stock has a 50 day simple moving average of $62.12 and a two-hundred day simple moving average of $59.32.

Hedge Funds Weigh In On John Hancock Multifactor Mid Cap ETF

Several large investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC increased its holdings in John Hancock Multifactor Mid Cap ETF by 6,354.7% in the second quarter. Strategic Financial Concepts LLC now owns 999,189 shares of the company’s stock valued at $550,000 after buying an additional 983,709 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in John Hancock Multifactor Mid Cap ETF in the 2nd quarter worth about $50,000. MGO One Seven LLC boosted its position in John Hancock Multifactor Mid Cap ETF by 7.1% during the second quarter. MGO One Seven LLC now owns 27,597 shares of the company’s stock worth $1,519,000 after purchasing an additional 1,820 shares in the last quarter. LPL Financial LLC grew its holdings in John Hancock Multifactor Mid Cap ETF by 8.3% in the second quarter. LPL Financial LLC now owns 4,314,905 shares of the company’s stock valued at $237,492,000 after purchasing an additional 331,127 shares during the period. Finally, Linscomb Wealth Inc. grew its holdings in John Hancock Multifactor Mid Cap ETF by 8.4% in the second quarter. Linscomb Wealth Inc. now owns 50,701 shares of the company’s stock valued at $2,791,000 after purchasing an additional 3,936 shares during the period.

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.