John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Sees Strong Trading Volume – Should You Buy?

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) saw strong trading volume on Friday . 113,849 shares were traded during trading, an increase of 275% from the previous session’s volume of 30,365 shares.The stock last traded at $70.55 and had previously closed at $69.81.

John Hancock Multifactor Large Cap ETF Stock Performance

The business has a 50-day moving average price of $71.42 and a 200 day moving average price of $68.17. The stock has a market capitalization of $961.24 million, a P/E ratio of 22.60 and a beta of 0.96.

Institutional Trading of John Hancock Multifactor Large Cap ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. bought a new stake in shares of John Hancock Multifactor Large Cap ETF during the third quarter valued at approximately $48,000. Hershey Financial Advisers LLC purchased a new position in John Hancock Multifactor Large Cap ETF in the second quarter worth about $884,000. Envestnet Asset Management Inc. raised its position in John Hancock Multifactor Large Cap ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 732,046 shares of the company’s stock worth $47,590,000 after acquiring an additional 46,946 shares during the period. Commonwealth Equity Services LLC lifted its position in John Hancock Multifactor Large Cap ETF by 0.4% during the second quarter. Commonwealth Equity Services LLC now owns 474,443 shares of the company’s stock valued at $30,844,000 after purchasing an additional 2,093 shares in the last quarter. Finally, Hill Island Financial LLC grew its holdings in John Hancock Multifactor Large Cap ETF by 0.3% during the second quarter. Hill Island Financial LLC now owns 356,260 shares of the company’s stock valued at $23,160,000 after purchasing an additional 921 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.