John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Sees Strong Trading Volume – Still a Buy?

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) shares saw unusually-high trading volume on Wednesday . Approximately 826,533 shares traded hands during trading, an increase of 333% from the previous session’s volume of 190,811 shares.The stock last traded at $63.27 and had previously closed at $63.01.

John Hancock Multifactor Mid Cap ETF Price Performance

The company has a market cap of $4.19 billion, a price-to-earnings ratio of 17.17 and a beta of 1.02. The business’s fifty day moving average price is $62.06 and its 200 day moving average price is $58.60.

Hedge Funds Weigh In On John Hancock Multifactor Mid Cap ETF

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC lifted its holdings in John Hancock Multifactor Mid Cap ETF by 5.7% in the third quarter. LPL Financial LLC now owns 4,558,833 shares of the company’s stock valued at $274,442,000 after buying an additional 243,928 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of John Hancock Multifactor Mid Cap ETF by 0.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,897,561 shares of the company’s stock worth $104,442,000 after acquiring an additional 15,497 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of John Hancock Multifactor Mid Cap ETF by 0.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,701,652 shares of the company’s stock valued at $102,439,000 after purchasing an additional 5,458 shares during the period. Hill Island Financial LLC boosted its position in shares of John Hancock Multifactor Mid Cap ETF by 1.5% during the 2nd quarter. Hill Island Financial LLC now owns 1,114,853 shares of the company’s stock valued at $61,361,000 after purchasing an additional 16,903 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in John Hancock Multifactor Mid Cap ETF by 6,354.7% during the second quarter. Strategic Financial Concepts LLC now owns 999,189 shares of the company’s stock worth $550,000 after purchasing an additional 983,709 shares during the period.

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.