Raymond James Financial Inc. Invests $120.51 Million in John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM)

Raymond James Financial Inc. purchased a new position in shares of John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,017,562 shares of the company’s stock, valued at approximately $120,509,000. Raymond James Financial Inc. owned 3.01% of John Hancock Multifactor Mid Cap ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingsview Wealth Management LLC acquired a new position in shares of John Hancock Multifactor Mid Cap ETF during the 3rd quarter worth $1,087,000. Bleakley Financial Group LLC acquired a new position in shares of John Hancock Multifactor Mid Cap ETF during the 4th quarter worth $274,000. JPMorgan Chase & Co. grew its stake in shares of John Hancock Multifactor Mid Cap ETF by 58.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,295 shares of the company’s stock worth $2,125,000 after purchasing an additional 13,046 shares during the period. FMR LLC grew its stake in shares of John Hancock Multifactor Mid Cap ETF by 24.9% during the 3rd quarter. FMR LLC now owns 6,993 shares of the company’s stock worth $421,000 after purchasing an additional 1,395 shares during the period. Finally, Creative Planning acquired a new position in shares of John Hancock Multifactor Mid Cap ETF during the 3rd quarter worth $213,000.

John Hancock Multifactor Mid Cap ETF Trading Up 0.7 %

Shares of NYSEARCA JHMM opened at $58.26 on Friday. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 19.40 and a beta of 1.11. John Hancock Multifactor Mid Cap ETF has a 52 week low of $53.30 and a 52 week high of $65.18. The company’s 50-day moving average price is $61.07 and its 200 day moving average price is $60.87.

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.