John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Sees Large Volume Increase – Should You Buy?

Shares of John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) saw unusually-strong trading volume on Tuesday . Approximately 129,265 shares changed hands during mid-day trading, an increase of 338% from the previous session’s volume of 29,519 shares.The stock last traded at $72.16 and had previously closed at $71.52.

John Hancock Multifactor Large Cap ETF Stock Up 0.5 %

The stock has a fifty day simple moving average of $71.47 and a 200 day simple moving average of $69.13. The firm has a market capitalization of $985.76 million, a P/E ratio of 22.60 and a beta of 0.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. purchased a new stake in shares of John Hancock Multifactor Large Cap ETF in the third quarter valued at $48,000. Quantinno Capital Management LP bought a new position in John Hancock Multifactor Large Cap ETF during the 3rd quarter valued at about $352,000. FMR LLC raised its position in John Hancock Multifactor Large Cap ETF by 8.6% in the 3rd quarter. FMR LLC now owns 2,243 shares of the company’s stock worth $156,000 after purchasing an additional 178 shares during the period. Hershey Financial Advisers LLC bought a new stake in John Hancock Multifactor Large Cap ETF in the second quarter worth about $884,000. Finally, Coastline Trust Co purchased a new position in shares of John Hancock Multifactor Large Cap ETF during the third quarter valued at approximately $153,000.

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.