John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) Reaches New 1-Year Low – Here’s What Happened

John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM)’s stock price hit a new 52-week low on Friday . The company traded as low as $24.78 and last traded at $24.90, with a volume of 6168 shares. The stock had previously closed at $26.26.

John Hancock Multifactor Emerging Markets ETF Stock Down 5.4 %

The stock has a market cap of $544.22 million, a price-to-earnings ratio of 13.59 and a beta of 0.72. The company’s 50-day simple moving average is $26.65 and its 200-day simple moving average is $26.97.

Institutional Investors Weigh In On John Hancock Multifactor Emerging Markets ETF

Hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC acquired a new stake in shares of John Hancock Multifactor Emerging Markets ETF during the fourth quarter valued at approximately $272,000. Rockefeller Capital Management L.P. grew its position in John Hancock Multifactor Emerging Markets ETF by 2.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 16,667 shares of the company’s stock worth $431,000 after purchasing an additional 393 shares in the last quarter. Independent Advisor Alliance acquired a new stake in John Hancock Multifactor Emerging Markets ETF during the 4th quarter valued at $472,000. SigFig Wealth Management LLC lifted its holdings in shares of John Hancock Multifactor Emerging Markets ETF by 3.9% in the fourth quarter. SigFig Wealth Management LLC now owns 22,763 shares of the company’s stock valued at $586,000 after purchasing an additional 862 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of John Hancock Multifactor Emerging Markets ETF in the fourth quarter worth $652,000.

John Hancock Multifactor Emerging Markets ETF Company Profile

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.