John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Sees Strong Trading Volume – Time to Buy?

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) saw unusually-strong trading volume on Tuesday . Approximately 8,311 shares were traded during trading, a decline of 54% from the previous session’s volume of 18,090 shares.The stock last traded at $70.78 and had previously closed at $70.53.

John Hancock Multifactor Large Cap ETF Stock Up 0.3 %

The company’s 50-day moving average is $71.49 and its 200 day moving average is $68.74. The company has a market cap of $950.94 million, a price-to-earnings ratio of 22.60 and a beta of 0.96.

Institutional Trading of John Hancock Multifactor Large Cap ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC raised its stake in John Hancock Multifactor Large Cap ETF by 15,881.6% in the 3rd quarter. International Assets Investment Management LLC now owns 3,421,500 shares of the company’s stock valued at $237,589,000 after purchasing an additional 3,400,091 shares during the last quarter. Grimes & Company Inc. raised its position in shares of John Hancock Multifactor Large Cap ETF by 1.0% in the third quarter. Grimes & Company Inc. now owns 1,709,019 shares of the company’s stock valued at $118,674,000 after buying an additional 16,179 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of John Hancock Multifactor Large Cap ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 732,046 shares of the company’s stock worth $47,590,000 after buying an additional 46,946 shares in the last quarter. Hill Island Financial LLC boosted its position in John Hancock Multifactor Large Cap ETF by 0.3% during the second quarter. Hill Island Financial LLC now owns 356,260 shares of the company’s stock worth $23,160,000 after acquiring an additional 921 shares during the last quarter. Finally, Foundry Financial Group Inc. grew its stake in John Hancock Multifactor Large Cap ETF by 1.7% during the 2nd quarter. Foundry Financial Group Inc. now owns 141,414 shares of the company’s stock valued at $9,193,000 after acquiring an additional 2,372 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.