John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Sees Unusually-High Trading Volume – Should You Buy?

Shares of John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) saw unusually-strong trading volume on Friday . 118,891 shares were traded during trading, an increase of 300% from the previous session’s volume of 29,753 shares.The stock last traded at $91.0120 and had previously closed at $91.20.

John Hancock Multifactor Large Cap ETF Stock Down 0.3%

The stock has a market capitalization of $1.19 billion, a PE ratio of 23.08 and a beta of 0.97. The stock’s 50 day moving average price is $89.96 and its 200-day moving average price is $86.07.

John Hancock Multifactor Large Cap ETF Dividend Announcement

The business also recently announced a semiannual dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 26th were given a dividend of $0.3892 per share. The ex-dividend date was Friday, June 26th. This represents a dividend yield of 89.0%.

Institutional Trading of John Hancock Multifactor Large Cap ETF

Several hedge funds have recently modified their holdings of JHML. Advisory Services Network LLC bought a new position in John Hancock Multifactor Large Cap ETF during the third quarter valued at $26,000. REAP Financial Group LLC purchased a new position in John Hancock Multifactor Large Cap ETF in the 4th quarter worth about $36,000. Pittenger & Anderson Inc. bought a new stake in shares of John Hancock Multifactor Large Cap ETF during the first quarter valued at approximately $45,000. Trust Co. of Vermont bought a new stake in John Hancock Multifactor Large Cap ETF during the 2nd quarter valued at $69,000. Finally, Smartleaf Asset Management LLC purchased a new stake in John Hancock Multifactor Large Cap ETF in the second quarter worth about $75,000.

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.