John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Hits New 12-Month High – Here’s Why

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML)’s stock price hit a new 52-week high on Monday . The company traded as high as $89.87 and last traded at $89.62, with a volume of 1815 shares traded. The stock had previously closed at $88.51.

John Hancock Multifactor Large Cap ETF Price Performance

The stock’s 50-day moving average is $86.18 and its two-hundred day moving average is $82.64. The stock has a market cap of $1.15 billion, a P/E ratio of 23.08 and a beta of 0.97.

Hedge Funds Weigh In On John Hancock Multifactor Large Cap ETF

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