John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sees Large Volume Increase – Should You Buy?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) shares saw strong trading volume on Monday . 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 Up 0.1 %

The company has a market capitalization of $4.03 billion, a PE ratio of 17.17 and a beta of 1.02. The business has a 50 day simple moving average of $62.12 and a 200 day simple moving average of $59.32.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new position in shares of John Hancock Multifactor Mid Cap ETF in the fourth quarter valued at about $2,113,000. JPMorgan Chase & Co. boosted its position in John Hancock Multifactor Mid Cap ETF by 58.6% in the third quarter. JPMorgan Chase & Co. now owns 35,295 shares of the company’s stock valued at $2,125,000 after buying an additional 13,046 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in John Hancock Multifactor Mid Cap ETF by 2.5% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 126,288 shares of the company’s stock worth $7,603,000 after buying an additional 3,101 shares during the period. MML Investors Services LLC raised its position in John Hancock Multifactor Mid Cap ETF by 4.5% during the 3rd quarter. MML Investors Services LLC now owns 8,837 shares of the company’s stock worth $532,000 after buying an additional 384 shares during the last quarter. Finally, Weaver Consulting Group lifted its stake in John Hancock Multifactor Mid Cap ETF by 7.1% during the 3rd quarter. Weaver Consulting Group now owns 5,761 shares of the company’s stock valued at $347,000 after acquiring an additional 384 shares during the period.

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.