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

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $88.58 and last traded at $88.36, with a volume of 16094 shares. The stock had previously closed at $88.42.

John Hancock Multifactor Large Cap ETF Price Performance

The stock’s fifty day simple moving average is $83.12 and its 200-day simple moving average is $81.58. The firm has a market cap of $1.15 billion, a PE ratio of 23.08 and a beta of 0.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JHML. Raymond James Financial Inc. raised its holdings in shares of John Hancock Multifactor Large Cap ETF by 605.1% in the second 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 during the last quarter. Elevation Point Wealth Partners LLC increased its stake in shares of John Hancock Multifactor Large Cap ETF by 173.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 164,836 shares of the company’s stock worth $12,902,000 after acquiring an additional 104,661 shares during the period. Vestmark Advisory Solutions Inc. acquired a new stake in shares of John Hancock Multifactor Large Cap ETF in the third quarter worth $4,216,000. Simplicity Wealth LLC increased its stake in shares of John Hancock Multifactor Large Cap ETF by 31.0% in 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 stake in shares of John Hancock Multifactor Large Cap ETF by 76.8% in 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.