John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML) Reaches New 52-Week High – Still a Buy?

John Hancock Multifactor Large Cap ETF (NYSEARCA:JHML)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $69.67 and last traded at $69.67, with a volume of 3476 shares. The stock had previously closed at $69.24.

John Hancock Multifactor Large Cap ETF Stock Performance

The company has a fifty day simple moving average of $67.11 and a two-hundred day simple moving average of $65.37. The stock has a market capitalization of $943.22 million, a price-to-earnings ratio of 22.60 and a beta of 0.96.

Hedge Funds Weigh In On John Hancock Multifactor Large Cap ETF

Several hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new stake in shares of John Hancock Multifactor Large Cap ETF during the 1st quarter worth approximately $47,000. Bank & Trust Co acquired a new stake in shares of John Hancock Multifactor Large Cap ETF in the 2nd quarter valued at $92,000. James J. Burns & Company LLC bought a new position in shares of John Hancock Multifactor Large Cap ETF in the 2nd quarter valued at $399,000. Simplicity Wealth LLC raised its holdings in shares of John Hancock Multifactor Large Cap ETF by 119.7% during the 2nd quarter. Simplicity Wealth LLC now owns 9,335 shares of the company’s stock worth $607,000 after buying an additional 5,086 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of John Hancock Multifactor Large Cap ETF by 1.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 13,316 shares of the company’s stock worth $862,000 after buying an additional 158 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.