John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Strong Trading Volume – Should You Buy?

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) saw unusually-high trading volume on Wednesday . Approximately 158,377 shares changed hands during mid-day trading, an increase of 34% from the previous session’s volume of 118,029 shares.The stock last traded at $27.07 and had previously closed at $27.03.

John Hancock Multifactor Emerging Markets ETF Stock Down 0.0 %

The firm has a fifty day moving average of $26.19 and a 200-day moving average of $26.96. The firm has a market cap of $594.44 million, a P/E ratio of 12.89 and a beta of 0.71.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

Several hedge funds have recently added to or reduced their stakes in the stock. TNF LLC raised its position in shares of John Hancock Multifactor Emerging Markets ETF by 5.3% during the third quarter. TNF LLC now owns 9,436 shares of the company’s stock worth $263,000 after purchasing an additional 471 shares during the period. CoreCap Advisors LLC bought a new position in John Hancock Multifactor Emerging Markets ETF in the fourth quarter valued at approximately $272,000. Rockefeller Capital Management L.P. grew its stake in John Hancock Multifactor Emerging Markets ETF by 2.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 16,667 shares of the company’s stock valued at $431,000 after purchasing an additional 393 shares in the last quarter. Independent Advisor Alliance bought a new position in John Hancock Multifactor Emerging Markets ETF in the fourth quarter valued at approximately $472,000. Finally, SigFig Wealth Management LLC grew its stake in John Hancock Multifactor Emerging Markets ETF by 3.9% in the fourth quarter. SigFig Wealth Management LLC now owns 22,763 shares of the company’s stock valued at $586,000 after purchasing an additional 862 shares in the last quarter.

About John Hancock Multifactor Emerging Markets ETF

The John Hancock Multifactor Emerging Markets ETF (JHEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor weighted index of large- and mid-cap stocks from emerging markets. JHEM was launched on Sep 27, 2018 and is managed by John Hancock.