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 share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $90.06 and last traded at $90.06, with a volume of 9418 shares. The stock had previously closed at $88.99.

John Hancock Multifactor Large Cap ETF Price Performance

The company has a fifty day simple moving average of $88.66 and a 200-day simple moving average of $84.49. The company has a market cap of $1.18 billion, a P/E ratio of 23.08 and a beta of 0.97.

Institutional Investors Weigh In On John Hancock Multifactor Large Cap ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. grew its stake in John Hancock Multifactor Large Cap ETF by 605.1% during the 2nd quarter. Raymond James Financial Inc. now owns 360,767 shares of the company’s stock valued at $26,463,000 after acquiring an additional 309,599 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its position in shares of John Hancock Multifactor Large Cap ETF by 173.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 164,836 shares of the company’s stock worth $12,902,000 after purchasing an additional 104,661 shares in the last quarter. Simplicity Wealth LLC lifted its position in shares of 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. PMG Wealth Management Inc. boosted its holdings in shares of John Hancock Multifactor Large Cap ETF by 76.8% during the first quarter. PMG Wealth Management Inc. now owns 78,077 shares of the company’s stock worth $6,111,000 after purchasing an additional 33,904 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of John Hancock Multifactor Large Cap ETF during the third quarter worth approximately $1,691,000.

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.