John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Sets New 52-Week High – Here’s Why

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHMLGet Free Report) hit a new 52-week high on Monday . The stock traded as high as $90.06 and last traded at $90.06, with a volume of 9418 shares traded. The stock had previously closed at $88.99.

John Hancock Multifactor Large Cap ETF Price Performance

The company has a market cap of $1.18 billion, a price-to-earnings ratio of 23.08 and a beta of 0.97. The firm’s fifty day moving average price is $88.66 and its 200-day moving average price is $84.49.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JHML. JPMorgan Chase & Co. increased its stake in shares of John Hancock Multifactor Large Cap ETF by 8.6% in the second quarter. JPMorgan Chase & Co. now owns 8,327 shares of the company’s stock valued at $611,000 after purchasing an additional 662 shares during the period. Raymond James Financial Inc. grew its holdings in John Hancock Multifactor Large Cap ETF by 605.1% in the 2nd quarter. Raymond James Financial Inc. now owns 360,767 shares of the company’s stock worth $26,463,000 after buying an additional 309,599 shares in the last quarter. Smartleaf Asset Management LLC bought a new position in John Hancock Multifactor Large Cap ETF in the 2nd quarter worth approximately $75,000. Orion Porfolio Solutions LLC increased its position in John Hancock Multifactor Large Cap ETF by 6.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,288 shares of the company’s stock valued at $493,000 after acquiring an additional 378 shares during the period. Finally, Equitable Holdings Inc. increased its position in John Hancock Multifactor Large Cap ETF by 17.0% in the 3rd quarter. Equitable Holdings Inc. now owns 12,112 shares of the company’s stock valued at $949,000 after acquiring an additional 1,761 shares during the period.

About John Hancock Multifactor Large Cap ETF

(Get Free Report)

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.

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