John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Hits New 52-Week High – Should You Buy?

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) shares hit a new 52-week high on Wednesday . The stock traded as high as $83.31 and last traded at $83.31, with a volume of 13622 shares. The stock had previously closed at $82.96.

John Hancock Multifactor Large Cap ETF Price Performance

The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 23.08 and a beta of 0.98. The stock’s 50-day moving average is $80.56 and its 200 day moving average is $80.09.

Institutional Investors Weigh In On John Hancock Multifactor Large Cap ETF

A number of institutional investors have recently added to or reduced their stakes in JHML. JPMorgan Chase & Co. boosted its holdings in John Hancock Multifactor Large Cap ETF by 8.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,327 shares of the company’s stock valued at $611,000 after purchasing an additional 662 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in John Hancock Multifactor Large Cap ETF by 605.1% in the 2nd quarter. Raymond James Financial Inc. now owns 360,767 shares of the company’s stock valued at $26,463,000 after purchasing an additional 309,599 shares in the last quarter. Smartleaf Asset Management LLC purchased a new stake in John Hancock Multifactor Large Cap ETF in the 2nd quarter valued at approximately $75,000. Osaic Holdings Inc. boosted its holdings in John Hancock Multifactor Large Cap ETF by 32.9% in the 2nd quarter. Osaic Holdings Inc. now owns 25,408 shares of the company’s stock valued at $1,864,000 after purchasing an additional 6,285 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in John Hancock Multifactor Large Cap ETF by 340.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 788 shares of the company’s stock valued at $62,000 after purchasing an additional 609 shares in 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.