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

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $87.06 and last traded at $86.88, with a volume of 13149 shares changing hands. The stock had previously closed at $86.77.

John Hancock Multifactor Large Cap ETF Price Performance

The company’s 50-day moving average price is $81.57 and its 200-day moving average price is $80.90. The company has a market cap of $1.13 billion, a P/E ratio of 23.08 and a beta of 0.97.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JHML. Raymond James Financial Inc. boosted its holdings in John Hancock Multifactor Large Cap ETF by 605.1% during the second quarter. Raymond James Financial Inc. now owns 360,767 shares of the company’s stock worth $26,463,000 after purchasing an additional 309,599 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its stake in shares of John Hancock Multifactor Large Cap ETF by 173.9% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 164,836 shares of the company’s stock worth $12,902,000 after buying an additional 104,661 shares during the last quarter. Vestmark Advisory Solutions Inc. bought a new position in John Hancock Multifactor Large Cap ETF during the third quarter worth about $4,216,000. Simplicity Wealth LLC increased its position in John Hancock Multifactor Large Cap ETF by 31.0% during the first quarter. Simplicity Wealth LLC now owns 168,408 shares of the company’s stock worth $13,181,000 after acquiring an additional 39,828 shares during the period. Finally, PMG Wealth Management Inc. increased its position in John Hancock Multifactor Large Cap ETF by 76.8% during the first quarter. PMG Wealth Management Inc. now owns 78,077 shares of the company’s stock worth $6,111,000 after acquiring an additional 33,904 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.