John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sees Unusually-High Trading Volume

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) shares saw unusually-strong trading volume on Friday . Approximately 53,354 shares traded hands during trading, a decline of 73% from the previous session’s volume of 198,499 shares.The stock last traded at $55.33 and had previously closed at $54.95.

John Hancock Multifactor Mid Cap ETF Price Performance

The business’s 50 day moving average price is $55.41 and its 200-day moving average price is $54.38. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 17.17 and a beta of 1.02.

John Hancock Multifactor Mid Cap ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 26th were given a dividend of $0.2381 per share. The ex-dividend date of this dividend was Wednesday, June 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. purchased a new stake in shares of John Hancock Multifactor Mid Cap ETF in the fourth quarter valued at about $44,000. Pinnacle Bancorp Inc. purchased a new position in shares of John Hancock Multifactor Mid Cap ETF in the 1st quarter valued at $63,000. Wetzel Investment Advisors Inc. purchased a new stake in John Hancock Multifactor Mid Cap ETF during the 4th quarter worth $68,000. Clear Investment Research LLC increased its stake in John Hancock Multifactor Mid Cap ETF by 22.1% during the 1st quarter. Clear Investment Research LLC now owns 1,687 shares of the company’s stock worth $97,000 after buying an additional 305 shares during the period. Finally, City Holding Co. purchased a new stake in John Hancock Multifactor Mid Cap ETF during the 4th quarter worth $104,000.

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.