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

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) shares saw unusually-strong trading volume on Friday . Approximately 89,983 shares changed hands during mid-day trading, an increase of 209% from the previous session’s volume of 29,124 shares.The stock last traded at $89.50 and had previously closed at $89.32.

John Hancock Multifactor Large Cap ETF Stock Up 0.1%

The company’s fifty day moving average is $87.95 and its two-hundred day moving average is $83.61. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 23.08 and a beta of 0.97.

Hedge Funds Weigh In On John Hancock Multifactor Large Cap ETF

Several hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC boosted its holdings in shares of John Hancock Multifactor Large Cap ETF by 5.8% in the second quarter. CoreCap Advisors LLC now owns 65,438 shares of the company’s stock valued at $5,836,000 after acquiring an additional 3,596 shares during the period. Western Wealth Management LLC purchased a new position in John Hancock Multifactor Large Cap ETF during the 1st quarter worth $168,000. NewEdge Advisors LLC grew its holdings in shares of John Hancock Multifactor Large Cap ETF by 7.7% during the first quarter. NewEdge Advisors LLC now owns 8,345 shares of the company’s stock worth $653,000 after buying an additional 596 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of John Hancock Multifactor Large Cap ETF by 2.4% in the first quarter. Arkadios Wealth Advisors now owns 10,465 shares of the company’s stock valued at $819,000 after purchasing an additional 243 shares during the period. Finally, FCA Corp TX raised its stake in shares of John Hancock Multifactor Large Cap ETF by 2.9% during the first quarter. FCA Corp TX now owns 36,127 shares of the company’s stock worth $2,828,000 after purchasing an additional 1,023 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.