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 Stock Up 1.5%

The company 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 moving average of $85.58 and a 200-day moving average of $82.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in John Hancock Multifactor Large Cap ETF by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 1,345,185 shares of the company’s stock worth $105,445,000 after purchasing an additional 17,653 shares in the last quarter. Raymond James Financial Inc. grew its stake in John Hancock Multifactor Large Cap ETF by 21.6% in the third quarter. Raymond James Financial Inc. now owns 438,614 shares of the company’s stock worth $34,374,000 after purchasing an additional 77,847 shares in the last quarter. Kestra Advisory Services LLC grew its stake in John Hancock Multifactor Large Cap ETF by 7.7% in the first quarter. Kestra Advisory Services LLC now owns 299,982 shares of the company’s stock worth $23,480,000 after purchasing an additional 21,325 shares in the last quarter. Cetera Investment Advisers grew its stake in John Hancock Multifactor Large Cap ETF by 3.2% in the first quarter. Cetera Investment Advisers now owns 255,102 shares of the company’s stock worth $19,967,000 after purchasing an additional 7,885 shares in the last quarter. Finally, Simplicity Wealth LLC grew its stake in John Hancock Multifactor Large Cap ETF by 31.0% in the first quarter. Simplicity Wealth LLC now owns 168,408 shares of the company’s stock worth $13,181,000 after purchasing an additional 39,828 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.