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

Shares of John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) saw unusually-high trading volume on Tuesday . Approximately 229,690 shares were traded during mid-day trading, an increase of 723% from the previous session’s volume of 27,908 shares.The stock last traded at $89.80 and had previously closed at $89.72.

John Hancock Multifactor Large Cap ETF Trading Up 0.1%

The firm has a market cap of $1.17 billion, a P/E ratio of 23.08 and a beta of 0.97. The company’s 50-day moving average is $85.80 and its two-hundred day moving average is $82.51.

Hedge Funds Weigh In On John Hancock Multifactor Large Cap ETF

Several hedge funds have recently modified their holdings of JHML. Ameriprise Financial Inc. boosted its stake in shares of John Hancock Multifactor Large Cap ETF by 1.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,345,185 shares of the company’s stock worth $105,445,000 after buying an additional 17,653 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of John Hancock Multifactor Large Cap ETF by 21.6% in the 3rd quarter. Raymond James Financial Inc. now owns 438,614 shares of the company’s stock worth $34,374,000 after buying an additional 77,847 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of John Hancock Multifactor Large Cap ETF by 7.7% in the 1st quarter. Kestra Advisory Services LLC now owns 299,982 shares of the company’s stock worth $23,480,000 after buying an additional 21,325 shares during the last quarter. Cetera Investment Advisers grew its stake in John Hancock Multifactor Large Cap ETF by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 255,102 shares of the company’s stock valued at $19,967,000 after purchasing an additional 7,885 shares during the period. Finally, Simplicity Wealth LLC increased its position in shares of John Hancock Multifactor Large Cap ETF by 31.0% during the 1st quarter. Simplicity Wealth LLC now owns 168,408 shares of the company’s stock valued at $13,181,000 after purchasing an additional 39,828 shares during the last quarter.

John Hancock Multifactor Large Cap ETF Company Profile

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.