John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Stock Crosses Above 50 Day Moving Average – Here’s Why

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML)’s share price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $90.16 and traded as high as $91.08. John Hancock Multifactor Large Cap ETF shares last traded at $90.90, with a volume of 9,598 shares.

John Hancock Multifactor Large Cap ETF Trading Down 0.3%

The company has a market cap of $1.17 billion, a P/E ratio of 22.09 and a beta of 0.97. The business’s 50 day simple moving average is $90.14 and its 200 day simple moving average is $86.85.

Institutional Trading of John Hancock Multifactor Large Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of John Hancock Multifactor Large Cap ETF in the third quarter valued at about $116,984,000. International Assets Investment Management LLC boosted its stake in shares of John Hancock Multifactor Large Cap ETF by 6,086.8% in the third quarter. International Assets Investment Management LLC now owns 1,266,000 shares of the company’s stock worth $112,839,000 after acquiring an additional 1,245,537 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of John Hancock Multifactor Large Cap ETF in the third quarter worth about $43,949,000. Simplicity Wealth LLC boosted its stake in shares of John Hancock Multifactor Large Cap ETF by 75.3% in the third quarter. Simplicity Wealth LLC now owns 342,125 shares of the company’s stock worth $30,494,000 after acquiring an additional 146,983 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of John Hancock Multifactor Large Cap ETF by 0.3% during the third quarter. Kestra Advisory Services LLC now owns 298,086 shares of the company’s stock worth $26,568,000 after purchasing an additional 1,025 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.