John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Sets New 52-Week High – Here’s Why

Shares of John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $87.06 and last traded at $86.88, with a volume of 13149 shares. The stock had previously closed at $86.77.

John Hancock Multifactor Large Cap ETF Trading Up 0.1%

The company has a market cap of $1.13 billion, a PE ratio of 23.08 and a beta of 0.97. The business’s 50-day simple moving average is $81.57 and its 200-day simple moving average is $80.90.

Institutional Investors Weigh In On John Hancock Multifactor Large Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in John Hancock Multifactor Large Cap ETF in the 3rd quarter worth approximately $26,000. Flagship Harbor Advisors LLC purchased a new stake in John Hancock Multifactor Large Cap ETF in the 4th quarter worth approximately $27,000. REAP Financial Group LLC purchased a new stake in John Hancock Multifactor Large Cap ETF in the 4th quarter worth approximately $36,000. Pittenger & Anderson Inc. purchased a new stake in John Hancock Multifactor Large Cap ETF in the 1st quarter worth approximately $45,000. Finally, Trust Co. of Vermont purchased a new stake in John Hancock Multifactor Large Cap ETF in the 4th quarter worth approximately $62,000.

About John Hancock Multifactor Large Cap ETF

The John Hancock Multifactor Large Cap ETF (JHML) is an exchange-traded fund that is based on the John Hancock Dimensional Large Cap index. The fund tracks an index of largest 800 US firms, weighted by multiple factors relative to their sector peers. JHML was launched on Sep 28, 2015 and is managed by John Hancock.