John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Reaches New 52-Week High – Here’s What Happened

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $62.75 and last traded at $62.50, with a volume of 20184 shares trading hands. The stock had previously closed at $60.68.

John Hancock Multifactor Mid Cap ETF Trading Up 3.2 %

The company has a 50 day simple moving average of $59.47 and a 200-day simple moving average of $57.13. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 17.17 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Coastline Trust Co raised its position in shares of John Hancock Multifactor Mid Cap ETF by 64.4% in the 3rd quarter. Coastline Trust Co now owns 13,803 shares of the company’s stock valued at $831,000 after buying an additional 5,408 shares in the last quarter. Linscomb Wealth Inc. lifted its position in John Hancock Multifactor Mid Cap ETF by 6.6% in the 3rd quarter. Linscomb Wealth Inc. now owns 54,070 shares of the company’s stock valued at $3,255,000 after acquiring an additional 3,369 shares in the last quarter. Palo Alto Wealth Advisors LLC raised its holdings in shares of John Hancock Multifactor Mid Cap ETF by 9.2% in the third quarter. Palo Alto Wealth Advisors LLC now owns 177,160 shares of the company’s stock valued at $10,778,000 after purchasing an additional 14,923 shares during the last quarter. Huntington National Bank increased its position in shares of John Hancock Multifactor Mid Cap ETF by 154.1% during the 3rd quarter. Huntington National Bank now owns 986 shares of the company’s stock valued at $59,000 after purchasing an additional 598 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of John Hancock Multifactor Mid Cap ETF during the 3rd quarter valued at $305,000.

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.