Envestnet Asset Management Inc. has diminished its holdings in the John Hancock Multifactor Large Cap ETF (NYSEARCA: JHML) by 16.9% during the third quarter of 2023. According to data from Holdings Channel, the firm now possesses 510,798 shares of the ETF after selling 103,565 shares in the period. The value of Envestnet’s investment in the ETF stands at approximately $40.03 million as of the end of September.
Other institutional investors have also adjusted their positions in JHML. Notably, Chilton Capital Management LLC increased its stake by 1.5% during the same quarter, acquiring an additional 171 shares to reach a total of 11,485 shares, valued at around $900,000. ORG Partners LLC also raised its holdings by 2.6%, now owning 7,493 shares worth approximately $587,000 after purchasing an additional 188 shares.
In addition, AE Wealth Management LLC entered the market with a new stake valued at $25,000 during the second quarter. Farther Finance Advisors LLC made a significant move, boosting its holdings by 340.2% in the third quarter, now owning 788 shares worth around $62,000. Lastly, Assetmark Inc. also acquired a new stake in JHML during the second quarter, valued at $47,000.
Market Performance and Overview
The John Hancock Multifactor Large Cap ETF opened at $82.60 on Wednesday, reflecting a 0.2% decrease. The ETF has a fifty-day moving average of $81.13 and a two-hundred day moving average of $78.77. Over the past year, the ETF has traded within a range, reaching a low of $58.38 and a high of $82.97. With a market capitalization of $1.08 billion, JHML reports a price-to-earnings ratio of 23.08 and a beta of 0.99.
Launched on September 28, 2015, the John Hancock Multifactor Large Cap ETF tracks the John Hancock Dimensional Large Cap Index. This index encompasses the largest 800 U.S. firms, weighted by various factors in relation to their sector peers, offering investors exposure to a diversified portfolio.
For investors seeking insights into JHML, Holdings Channel provides detailed information, including the latest 13F filings and insider trades associated with the John Hancock Multifactor Large Cap ETF.
