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

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) saw an uptick in trading volume on Wednesday . 127,693 shares changed hands during trading, an increase of 345% from the previous session’s volume of 28,665 shares.The stock last traded at $72.90 and had previously closed at $72.45.

John Hancock Multifactor Large Cap ETF Trading Up 0.6 %

The business’s 50-day simple moving average is $71.06 and its 200 day simple moving average is $67.85. The firm has a market cap of $987.12 million, a PE ratio of 22.60 and a beta of 0.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JHML. Quantinno Capital Management LP purchased a new stake in John Hancock Multifactor Large Cap ETF during the 3rd quarter worth approximately $352,000. HighTower Advisors LLC purchased a new stake in John Hancock Multifactor Large Cap ETF during the 3rd quarter worth approximately $1,289,000. FMR LLC grew its position in John Hancock Multifactor Large Cap ETF by 8.6% during the 3rd quarter. FMR LLC now owns 2,243 shares of the company’s stock worth $156,000 after purchasing an additional 178 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in John Hancock Multifactor Large Cap ETF during the 3rd quarter worth approximately $203,000. Finally, Schneider Downs Wealth Management Advisors LP grew its position in John Hancock Multifactor Large Cap ETF by 3.6% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 53,751 shares of the company’s stock worth $3,732,000 after purchasing an additional 1,874 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.