John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Unusually-High Trading Volume – Time to Buy?

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) shares saw an uptick in trading volume on Thursday . 95,416 shares changed hands during trading, an increase of 305% from the previous session’s volume of 23,545 shares.The stock last traded at $26.59 and had previously closed at $26.62.

John Hancock Multifactor Emerging Markets ETF Stock Up 0.3 %

The company has a 50 day simple moving average of $27.83 and a 200-day simple moving average of $27.22. The stock has a market cap of $674.88 million, a price-to-earnings ratio of 11.25 and a beta of 0.87.

Hedge Funds Weigh In On John Hancock Multifactor Emerging Markets ETF

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 240.9% in the third quarter. Jane Street Group LLC now owns 126,217 shares of the company’s stock valued at $3,610,000 after purchasing an additional 89,194 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 10.2% in the second quarter. Envestnet Asset Management Inc. now owns 385,015 shares of the company’s stock valued at $10,291,000 after purchasing an additional 35,645 shares during the last quarter. OLD Mission Capital LLC grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 35.0% in the first quarter. OLD Mission Capital LLC now owns 126,672 shares of the company’s stock valued at $3,284,000 after purchasing an additional 32,848 shares during the last quarter. Captrust Financial Advisors grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 10.2% in the third quarter. Captrust Financial Advisors now owns 344,968 shares of the company’s stock valued at $9,866,000 after purchasing an additional 31,989 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 6.0% in the second quarter. Pallas Capital Advisors LLC now owns 343,669 shares of the company’s stock valued at $9,309,000 after purchasing an additional 19,391 shares during 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.