John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Hits New 52-Week Low – What’s Next?

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $58.38 and last traded at $60.41, with a volume of 10051 shares changing hands. The stock had previously closed at $61.14.

John Hancock Multifactor Large Cap ETF Stock Down 0.4 %

The firm has a market cap of $825.20 million, a price-to-earnings ratio of 22.64 and a beta of 1.01. The company has a 50-day moving average price of $69.84 and a 200 day moving average price of $70.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JHML. Ameriprise Financial Inc. boosted its stake in shares of John Hancock Multifactor Large Cap ETF by 17.7% during the 4th quarter. Ameriprise Financial Inc. now owns 1,509,187 shares of the company’s stock valued at $105,118,000 after buying an additional 226,996 shares during the period. LPL Financial LLC raised its position in John Hancock Multifactor Large Cap ETF by 11.6% during the fourth quarter. LPL Financial LLC now owns 1,108,002 shares of the company’s stock valued at $77,172,000 after acquiring an additional 115,221 shares in the last quarter. Wells Fargo & Company MN lifted its stake in John Hancock Multifactor Large Cap ETF by 1.5% in the fourth quarter. Wells Fargo & Company MN now owns 844,203 shares of the company’s stock valued at $58,799,000 after acquiring an additional 12,413 shares during the last quarter. Commonwealth Equity Services LLC grew its position in John Hancock Multifactor Large Cap ETF by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 479,901 shares of the company’s stock worth $33,425,000 after acquiring an additional 6,733 shares in the last quarter. Finally, Sanchez Wealth Management Group increased its stake in shares of John Hancock Multifactor Large Cap ETF by 10.2% during the 4th quarter. Sanchez Wealth Management Group now owns 467,947 shares of the company’s stock worth $32,593,000 after purchasing an additional 43,444 shares during 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.