John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Hits New 12-Month High – Time to Buy?

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $85.04 and last traded at $85.00, with a volume of 14002 shares trading hands. The stock had previously closed at $84.31.

John Hancock Multifactor Large Cap ETF Stock Performance

The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 23.08 and a beta of 0.98. The stock’s 50 day simple moving average is $81.08 and its 200-day simple moving average is $80.53.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in John Hancock Multifactor Large Cap ETF during the 3rd quarter valued at approximately $26,000. Flagship Harbor Advisors LLC acquired a new position in John Hancock Multifactor Large Cap ETF during the 4th quarter valued at approximately $27,000. REAP Financial Group LLC acquired a new position in John Hancock Multifactor Large Cap ETF during the 4th quarter valued at approximately $36,000. Trust Co. of Vermont acquired a new position in John Hancock Multifactor Large Cap ETF during the 4th quarter valued at approximately $62,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of John Hancock Multifactor Large Cap ETF by 340.2% in the third quarter. Farther Finance Advisors LLC now owns 788 shares of the company’s stock valued at $62,000 after purchasing an additional 609 shares during the period.

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.