John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Reaches New 12-Month High – Still a Buy?

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) shares reached a new 52-week high on Monday . The stock traded as high as $73.10 and last traded at $73.10, with a volume of 768 shares changing hands. The stock had previously closed at $72.44.

John Hancock Multifactor Large Cap ETF Stock Up 0.1 %

The company has a market cap of $991.32 million, a PE ratio of 22.60 and a beta of 0.96. The company’s fifty day moving average is $70.24 and its 200-day moving average is $67.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. bought a new stake in John Hancock Multifactor Large Cap ETF during the third quarter valued at about $48,000. Bank & Trust Co bought a new position in shares of John Hancock Multifactor Large Cap ETF during the 2nd quarter valued at approximately $92,000. Coastline Trust Co purchased a new stake in John Hancock Multifactor Large Cap ETF in the 3rd quarter worth approximately $153,000. FMR LLC raised its stake in John Hancock Multifactor Large Cap ETF by 8.6% during the 3rd quarter. FMR LLC now owns 2,243 shares of the company’s stock worth $156,000 after acquiring an additional 178 shares during the period. Finally, First Horizon Advisors Inc. purchased a new position in John Hancock Multifactor Large Cap ETF during the third quarter valued at approximately $203,000.

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.