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

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) saw strong trading volume on Monday . Approximately 69,573 shares traded hands during mid-day trading, an increase of 127% from the previous session’s volume of 30,595 shares.The stock last traded at $92.18 and had previously closed at $92.30.

John Hancock Multifactor Large Cap ETF Trading Down 0.8%

The company has a market cap of $1.19 billion, a PE ratio of 23.08 and a beta of 0.97. The stock has a 50 day moving average price of $89.39 and a 200 day moving average price of $85.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. lifted its holdings in shares of John Hancock Multifactor Large Cap ETF by 605.1% during the second quarter. Raymond James Financial Inc. now owns 360,767 shares of the company’s stock valued at $26,463,000 after purchasing an additional 309,599 shares in the last quarter. Elevation Point Wealth Partners LLC grew its holdings in shares of 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 acquiring an additional 104,661 shares during the period. Simplicity Wealth LLC boosted its position in John Hancock Multifactor Large Cap ETF by 31.0% in the first quarter. Simplicity Wealth LLC now owns 168,408 shares of the company’s stock worth $13,181,000 after purchasing an additional 39,828 shares during the last quarter. PMG Wealth Management Inc. boosted its position 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 worth $6,111,000 after purchasing an additional 33,904 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in John Hancock Multifactor Large Cap ETF during the third quarter valued at approximately $1,691,000.

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.