John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Sees Strong Trading Volume – What’s Next?

Shares of John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) saw an uptick in trading volume on Friday . 124,987 shares traded hands during trading, an increase of 163% from the previous session’s volume of 47,557 shares.The stock last traded at $81.9550 and had previously closed at $81.95.

John Hancock Multifactor Large Cap ETF Stock Performance

The firm has a market capitalization of $1.07 billion, a P/E ratio of 23.08 and a beta of 0.99. The stock has a 50 day moving average of $80.03 and a 200-day moving average of $77.76.

Institutional Trading of John Hancock Multifactor Large Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its holdings in John Hancock Multifactor Large Cap ETF by 1.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,345,185 shares of the company’s stock worth $105,445,000 after purchasing an additional 17,653 shares in the last quarter. Sanchez Wealth Management Group increased its position in shares of John Hancock Multifactor Large Cap ETF by 1.5% during the third quarter. Sanchez Wealth Management Group now owns 502,436 shares of the company’s stock valued at $39,376,000 after buying an additional 7,329 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of John Hancock Multifactor Large Cap ETF by 0.3% in the third quarter. Commonwealth Equity Services LLC now owns 470,912 shares of the company’s stock worth $36,905,000 after buying an additional 1,454 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of 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. Finally, Simplicity Wealth LLC boosted its position in shares of John Hancock Multifactor Large Cap ETF by 297.1% in the second quarter. Simplicity Wealth LLC now owns 182,624 shares of the company’s stock valued at $13,396,000 after acquiring an additional 136,635 shares during the period.

About John Hancock Multifactor Large Cap ETF

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.