John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sees Strong Trading Volume

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) shares saw an uptick in trading volume on Tuesday . 760,181 shares changed hands during trading, an increase of 272% from the previous session’s volume of 204,590 shares.The stock last traded at $54.76 and had previously closed at $54.78.

John Hancock Multifactor Mid Cap ETF Price Performance

The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 17.17 and a beta of 1.02. The business has a fifty day moving average of $55.42 and a 200-day moving average of $54.50.

John Hancock Multifactor Mid Cap ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 26th were issued a $0.2381 dividend. The ex-dividend date was Wednesday, June 26th.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Securities Inc. acquired a new stake in shares of John Hancock Multifactor Mid Cap ETF during the fourth quarter worth $44,000. Pinnacle Bancorp Inc. acquired a new stake in John Hancock Multifactor Mid Cap ETF during the 1st quarter worth about $63,000. Bank & Trust Co purchased a new stake in John Hancock Multifactor Mid Cap ETF during the second quarter valued at about $65,000. Wetzel Investment Advisors Inc. acquired a new position in shares of John Hancock Multifactor Mid Cap ETF in the fourth quarter worth about $68,000. Finally, Clear Investment Research LLC increased its position in shares of John Hancock Multifactor Mid Cap ETF by 22.1% in the first quarter. Clear Investment Research LLC now owns 1,687 shares of the company’s stock worth $97,000 after acquiring an additional 305 shares in the last quarter.

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.