John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Reaches New 1-Year High – Should You Buy?

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML)’s stock price hit a new 52-week high during 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 Trading Up 0.2%

The stock’s fifty day moving average price is $83.50 and its 200 day moving average price is $81.70. The stock has a market cap of $1.16 billion, a P/E ratio of 23.08 and a beta of 0.97.

Hedge Funds Weigh In On John Hancock Multifactor Large Cap ETF

A number of institutional investors have recently made changes to their positions in JHML. Ameriprise Financial Inc. boosted its stake in shares of John Hancock Multifactor Large Cap ETF by 1.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,345,185 shares of the company’s stock valued at $105,445,000 after purchasing an additional 17,653 shares in the last quarter. Sanchez Wealth Management Group boosted its stake in shares of John Hancock Multifactor Large Cap ETF by 1.5% in the 3rd quarter. Sanchez Wealth Management Group now owns 502,436 shares of the company’s stock valued at $39,376,000 after purchasing an additional 7,329 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of John Hancock Multifactor Large Cap ETF by 21.6% in the 3rd quarter. Raymond James Financial Inc. now owns 438,614 shares of the company’s stock valued at $34,374,000 after purchasing an additional 77,847 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of John Hancock Multifactor Large Cap ETF by 7.7% in the 1st quarter. Kestra Advisory Services LLC now owns 299,982 shares of the company’s stock valued at $23,480,000 after purchasing an additional 21,325 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of John Hancock Multifactor Large Cap ETF by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 255,102 shares of the company’s stock valued at $19,967,000 after purchasing an additional 7,885 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.