John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Sees Large Volume Increase – Here’s Why

Shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) saw strong trading volume on Friday . 38,926 shares traded hands during trading, an increase of 82% from the previous session’s volume of 21,381 shares.The stock last traded at $25.27 and had previously closed at $25.70.

John Hancock Multifactor Emerging Markets ETF Stock Performance

The business has a fifty day moving average of $26.69 and a two-hundred day moving average of $27.13. The firm has a market capitalization of $642.11 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

Several institutional investors and hedge funds have recently modified their holdings of JHEM. Envestnet Asset Management Inc. boosted its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 10.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 385,015 shares of the company’s stock worth $10,291,000 after buying an additional 35,645 shares during the period. Pallas Capital Advisors LLC lifted its position in John Hancock Multifactor Emerging Markets ETF by 4.9% during the third quarter. Pallas Capital Advisors LLC now owns 360,574 shares of the company’s stock worth $10,053,000 after acquiring an additional 16,905 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 10.2% during the third quarter. Captrust Financial Advisors now owns 344,968 shares of the company’s stock worth $9,866,000 after acquiring an additional 31,989 shares during the period. 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. Finally, Commonwealth Equity Services LLC grew its position in shares of John Hancock Multifactor Emerging Markets ETF by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 41,670 shares of the company’s stock valued at $1,114,000 after purchasing an additional 733 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.