John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Sees Large Volume Increase – Here’s What Happened

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) shares saw unusually-strong trading volume on Tuesday . 229,690 shares changed hands during mid-day trading, an increase of 723% from the previous session’s volume of 27,908 shares.The stock last traded at $89.80 and had previously closed at $89.72.

John Hancock Multifactor Large Cap ETF Price Performance

The company has a fifty day moving average of $86.18 and a 200-day moving average of $82.64. The firm has a market capitalization of $1.16 billion, a PE ratio of 23.08 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JHML. Raymond James Financial Inc. lifted its holdings in shares of John Hancock Multifactor Large Cap ETF by 605.1% during the 2nd quarter. Raymond James Financial Inc. now owns 360,767 shares of the company’s stock valued at $26,463,000 after buying an additional 309,599 shares during the last quarter. Elevation Point Wealth Partners LLC increased its holdings in John Hancock Multifactor Large Cap ETF by 173.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 164,836 shares of the company’s stock worth $12,902,000 after buying an additional 104,661 shares during the last quarter. Vestmark Advisory Solutions Inc. bought a new position in John Hancock Multifactor Large Cap ETF during the third quarter valued at approximately $4,216,000. Simplicity Wealth LLC raised its position in John Hancock Multifactor Large Cap ETF by 31.0% during the first quarter. Simplicity Wealth LLC now owns 168,408 shares of the company’s stock valued at $13,181,000 after acquiring an additional 39,828 shares in the last quarter. Finally, PMG Wealth Management Inc. lifted its stake in John Hancock Multifactor Large Cap ETF by 76.8% in the first quarter. PMG Wealth Management Inc. now owns 78,077 shares of the company’s stock valued at $6,111,000 after acquiring an additional 33,904 shares during the last quarter.

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.