John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Hits New 1-Year High – Time to Buy?

Shares of John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) reached a new 52-week high on Friday . The company traded as high as $87.79 and last traded at $87.79, with a volume of 558 shares changing hands. The stock had previously closed at $87.22.

John Hancock Multifactor Large Cap ETF Stock Up 0.6%

The business has a fifty day simple moving average of $82.58 and a two-hundred day simple moving average of $81.37. The company has a market cap of $1.14 billion, a P/E ratio of 23.08 and a beta of 0.97.

Institutional Trading of John Hancock Multifactor Large Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in John Hancock Multifactor Large Cap ETF by 1.3% in the third 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 in the last quarter. Sanchez Wealth Management Group increased its position in John Hancock Multifactor Large Cap ETF by 1.5% in the third quarter. Sanchez Wealth Management Group now owns 502,436 shares of the company’s stock worth $39,376,000 after buying an additional 7,329 shares in the last quarter. Raymond James Financial Inc. increased its position in John Hancock Multifactor Large Cap ETF by 21.6% in the third 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 in the last quarter. Kestra Advisory Services LLC increased its position in John Hancock Multifactor Large Cap ETF by 7.7% in the first 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 in the last quarter. Finally, Cetera Investment Advisers increased its position in John Hancock Multifactor Large Cap ETF by 3.2% in the first quarter. Cetera Investment Advisers now owns 255,102 shares of the company’s stock worth $19,967,000 after buying an additional 7,885 shares in 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.