John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) Stock Breaks Below 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $72.19 and traded as low as $71.78. John Hancock Multifactor Mid Cap ETF shares last traded at $71.98, with a volume of 830,446 shares.

John Hancock Multifactor Mid Cap ETF Stock Up 0.3%

The company has a market cap of $5.97 billion, a P/E ratio of 19.62 and a beta of 0.99. The firm’s 50 day moving average is $73.17 and its two-hundred day moving average is $72.21.

Institutional Investors Weigh In On John Hancock Multifactor Mid Cap ETF

A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its position in shares of John Hancock Multifactor Mid Cap ETF by 47.4% during the second quarter. The Manufacturers Life Insurance Company now owns 4,073,547 shares of the company’s stock worth $305,353,000 after acquiring an additional 1,309,269 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in John Hancock Multifactor Mid Cap ETF in the third quarter valued at approximately $132,080,000. Bank of America Corp DE boosted its holdings in John Hancock Multifactor Mid Cap ETF by 6.3% in the first quarter. Bank of America Corp DE now owns 1,265,480 shares of the company’s stock valued at $84,939,000 after acquiring an additional 75,170 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in John Hancock Multifactor Mid Cap ETF by 1.1% in the third quarter. Financial Management Professionals Inc. now owns 817,056 shares of the company’s stock valued at $58,419,000 after acquiring an additional 8,516 shares during the last quarter. Finally, Granite Bay Wealth Management LLC increased its position in John Hancock Multifactor Mid Cap ETF by 3.5% during the 1st quarter. Granite Bay Wealth Management LLC now owns 676,992 shares of the company’s stock valued at $45,413,000 after purchasing an additional 23,206 shares during the period.

John Hancock Multifactor Mid Cap ETF Company Profile

(Get Free Report)

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.

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