John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sets New 12-Month High – Still a Buy?

Shares of John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $63.93 and last traded at $63.82, with a volume of 28276 shares changing hands. The stock had previously closed at $63.40.

John Hancock Multifactor Mid Cap ETF Stock Performance

The stock’s 50-day moving average price is $60.80 and its 200-day moving average price is $57.85. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 17.17 and a beta of 1.02.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning acquired a new position in shares of John Hancock Multifactor Mid Cap ETF during the 3rd quarter worth approximately $213,000. Envestnet Asset Management Inc. raised its position in shares of John Hancock Multifactor Mid Cap ETF by 10.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 340,057 shares of the company’s stock worth $18,717,000 after purchasing an additional 32,245 shares during the last quarter. CWM LLC raised its position in shares of John Hancock Multifactor Mid Cap ETF by 13.1% during the 2nd quarter. CWM LLC now owns 2,212 shares of the company’s stock worth $122,000 after purchasing an additional 256 shares during the last quarter. Bank & Trust Co acquired a new position in shares of John Hancock Multifactor Mid Cap ETF during the 2nd quarter worth approximately $65,000. Finally, Raymond James & Associates raised its position in shares of John Hancock Multifactor Mid Cap ETF by 2.9% during the 2nd quarter. Raymond James & Associates now owns 246,328 shares of the company’s stock worth $13,558,000 after purchasing an additional 6,904 shares during the last quarter.

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.