John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Sees Large Volume Increase – Still a Buy?

Shares of John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) saw unusually-high trading volume on Friday . 118,891 shares traded hands during mid-day trading, an increase of 300% from the previous session’s volume of 29,753 shares.The stock last traded at $91.0120 and had previously closed at $91.20.

John Hancock Multifactor Large Cap ETF Stock Performance

The stock’s 50 day simple moving average is $89.96 and its 200 day simple moving average is $86.07. The firm has a market cap of $1.19 billion, a PE ratio of 23.08 and a beta of 0.97.

John Hancock Multifactor Large Cap ETF Dividend Announcement

The company also recently declared a semiannual dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were paid a dividend of $0.3892 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a yield of 89.0%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. HighTower Advisors LLC raised its position in John Hancock Multifactor Large Cap ETF by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 44,936 shares of the company’s stock worth $3,588,000 after purchasing an additional 183 shares during the period. Arkadios Wealth Advisors grew 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 worth $819,000 after purchasing an additional 243 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of John Hancock Multifactor Large Cap ETF in the third quarter valued at about $26,000. Private Advisor Group LLC increased its holdings in John Hancock Multifactor Large Cap ETF by 1.0% during the 4th quarter. Private Advisor Group LLC now owns 35,503 shares of the company’s stock valued at $2,835,000 after purchasing an additional 352 shares during the period. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of John Hancock Multifactor Large Cap ETF by 6.4% during the third 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 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.