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

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) shares saw an uptick in trading volume on Tuesday . 8,311 shares traded hands during mid-day trading, a decline of 54% from the previous session’s volume of 18,090 shares.The stock last traded at $70.78 and had previously closed at $70.53.

John Hancock Multifactor Large Cap ETF Stock Up 0.3 %

The stock has a 50-day moving average of $71.49 and a 200 day moving average of $68.74. The stock has a market cap of $950.94 million, a PE ratio of 22.60 and a beta of 0.96.

Hedge Funds Weigh In On John Hancock Multifactor Large Cap ETF

A number of institutional investors have recently bought and sold shares of JHML. International Assets Investment Management LLC grew its holdings in shares of John Hancock Multifactor Large Cap ETF by 15,881.6% during the 3rd quarter. International Assets Investment Management LLC now owns 3,421,500 shares of the company’s stock worth $237,589,000 after purchasing an additional 3,400,091 shares during the period. Envestnet Asset Management Inc. lifted 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 valued at $47,590,000 after buying an additional 46,946 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in John Hancock Multifactor Large Cap ETF during the second quarter worth about $1,817,000. HighTower Advisors LLC acquired a new stake in shares of John Hancock Multifactor Large Cap ETF during the third quarter valued at about $1,289,000. Finally, Grimes & Company Inc. raised its stake in shares of John Hancock Multifactor Large Cap ETF by 1.0% in the 3rd quarter. Grimes & Company Inc. now owns 1,709,019 shares of the company’s stock valued at $118,674,000 after acquiring an additional 16,179 shares during the period.

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.