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) hit a new 52-week high on Wednesday . The stock traded as high as $71.36 and last traded at $71.12, with a volume of 1911 shares traded. The stock had previously closed at $69.67.

John Hancock Multifactor Large Cap ETF Trading Up 2.8 %

The firm has a market cap of $970.72 million, a PE ratio of 22.60 and a beta of 0.96. The business’s 50-day simple moving average is $68.88 and its 200 day simple moving average is $66.32.

Institutional Investors Weigh In On John Hancock Multifactor Large Cap ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JHML. Assetmark Inc. acquired a new position in shares of John Hancock Multifactor Large Cap ETF in the 3rd quarter valued at $48,000. Bank & Trust Co purchased a new stake in John Hancock Multifactor Large Cap ETF in the second quarter valued at approximately $92,000. Coastline Trust Co acquired a new position in John Hancock Multifactor Large Cap ETF in the 3rd quarter worth approximately $153,000. James J. Burns & Company LLC purchased a new position in John Hancock Multifactor Large Cap ETF during the 2nd quarter worth approximately $399,000. Finally, Simplicity Wealth LLC raised its position in John Hancock Multifactor Large Cap ETF by 119.7% during the 2nd quarter. Simplicity Wealth LLC now owns 9,335 shares of the company’s stock worth $607,000 after buying an additional 5,086 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.