Independent Advisor Alliance Invests $472,000 in John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM)

Independent Advisor Alliance purchased a new position in shares of John Hancock Multifactor Emerging Markets ETF (NYSEARCA:JHEM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,269 shares of the company’s stock, valued at approximately $472,000.

Several other hedge funds also recently made changes to their positions in JHEM. Raymond James Financial Inc. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF during the 4th quarter worth approximately $652,000. JPMorgan Chase & Co. bought a new position in shares of John Hancock Multifactor Emerging Markets ETF during the 3rd quarter worth approximately $726,000. Jane Street Group LLC grew its stake in shares of John Hancock Multifactor Emerging Markets ETF by 240.9% in the third quarter. Jane Street Group LLC now owns 126,217 shares of the company’s stock valued at $3,610,000 after buying an additional 89,194 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of John Hancock Multifactor Emerging Markets ETF by 10.2% in the third quarter. Captrust Financial Advisors now owns 344,968 shares of the company’s stock valued at $9,866,000 after buying an additional 31,989 shares in the last quarter. Finally, Brueske Advisory Services LLC bought a new position in shares of John Hancock Multifactor Emerging Markets ETF in the fourth quarter valued at $10,960,000.

John Hancock Multifactor Emerging Markets ETF Trading Up 1.3 %

NYSEARCA:JHEM opened at $27.39 on Tuesday. John Hancock Multifactor Emerging Markets ETF has a 1-year low of $24.99 and a 1-year high of $29.24. The firm has a fifty day simple moving average of $26.35 and a 200 day simple moving average of $26.97. The stock has a market capitalization of $605.32 million, a PE ratio of 13.54 and a beta of 0.72.

John Hancock Multifactor Emerging Markets ETF 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.