Rialto Wealth Management LLC Invests $70,000 in John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM)

Rialto Wealth Management LLC purchased a new stake in John Hancock Multifactor Mid Cap ETF (NYSEARCA:JHMM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,175 shares of the company’s stock, valued at approximately $70,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC grew its position in John Hancock Multifactor Mid Cap ETF by 5.7% during the third quarter. LPL Financial LLC now owns 4,558,833 shares of the company’s stock worth $274,442,000 after buying an additional 243,928 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of John Hancock Multifactor Mid Cap ETF in the 4th quarter worth approximately $120,509,000. Strategic Financial Concepts LLC grew its holdings in shares of John Hancock Multifactor Mid Cap ETF by 6,330.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,146,015 shares of the company’s stock worth $68,451,000 after acquiring an additional 1,128,194 shares during the period. Financial Management Professionals Inc. increased its stake in John Hancock Multifactor Mid Cap ETF by 2.1% in the 4th quarter. Financial Management Professionals Inc. now owns 796,999 shares of the company’s stock valued at $47,605,000 after purchasing an additional 16,249 shares in the last quarter. Finally, Gilbert & Cook Inc. acquired a new position in John Hancock Multifactor Mid Cap ETF during the fourth quarter worth $41,420,000.

John Hancock Multifactor Mid Cap ETF Stock Performance

John Hancock Multifactor Mid Cap ETF stock opened at $58.26 on Friday. John Hancock Multifactor Mid Cap ETF has a fifty-two week low of $53.30 and a fifty-two week high of $65.18. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 19.40 and a beta of 1.11. The stock’s fifty day moving average is $61.07 and its two-hundred day moving average is $60.87.

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.