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 mid-day trading on Monday . The stock traded as high as $89.87 and last traded at $89.62, with a volume of 1815 shares. The stock had previously closed at $88.51.

John Hancock Multifactor Large Cap ETF Trading Up 1.5%

The firm has a market cap of $1.17 billion, a P/E ratio of 23.08 and a beta of 0.97. The firm has a 50-day simple moving average of $85.58 and a 200-day simple moving average of $82.44.

Institutional Trading of John Hancock Multifactor Large Cap ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JHML. JPMorgan Chase & Co. lifted its position in shares of John Hancock Multifactor Large Cap ETF by 8.6% during the second quarter. JPMorgan Chase & Co. now owns 8,327 shares of the company’s stock valued at $611,000 after buying an additional 662 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of John Hancock Multifactor Large Cap ETF by 605.1% in the 2nd quarter. Raymond James Financial Inc. now owns 360,767 shares of the company’s stock valued at $26,463,000 after buying an additional 309,599 shares in the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of John Hancock Multifactor Large Cap ETF in the 2nd quarter valued at about $75,000. Thrivent Financial for Lutherans bought a new stake in shares of John Hancock Multifactor Large Cap ETF in the 3rd quarter valued at about $375,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of John Hancock Multifactor Large Cap ETF by 2.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,363 shares of the company’s stock valued at $1,126,000 after buying an additional 357 shares in the last quarter.

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.