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

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) shares saw strong trading volume on Friday . 89,983 shares changed hands during trading, an increase of 209% from the previous session’s volume of 29,124 shares.The stock last traded at $89.50 and had previously closed at $89.32.

John Hancock Multifactor Large Cap ETF Price Performance

The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 23.08 and a beta of 0.97. The company’s 50 day moving average is $87.95 and its 200 day moving average is $83.61.

Institutional Investors Weigh In On John Hancock Multifactor Large Cap ETF

A number of institutional investors and hedge funds have recently modified their holdings of JHML. Ebert Capital Management Inc. purchased a new stake in John Hancock Multifactor Large Cap ETF during the fourth quarter worth $490,000. ERn Financial LLC increased its position in shares of John Hancock Multifactor Large Cap ETF by 11.9% in the fourth quarter. ERn Financial LLC now owns 131,506 shares of the company’s stock valued at $10,501,000 after buying an additional 14,020 shares in the last quarter. PMG Wealth Management Inc. increased its position 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 valued at $6,111,000 after buying an additional 33,904 shares in the last quarter. Cooper Financial Group raised its stake in shares of John Hancock Multifactor Large Cap ETF by 24.4% during the 4th quarter. Cooper Financial Group now owns 137,040 shares of the company’s stock worth $10,943,000 after buying an additional 26,839 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its position in shares of John Hancock Multifactor Large Cap ETF by 173.9% in 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 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.