John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Unusually-High Trading Volume – Here’s Why

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) shares saw strong trading volume on Monday . 70,485 shares changed hands during mid-day trading, a decline of 2% from the previous session’s volume of 71,605 shares.The stock last traded at $34.64 and had previously closed at $34.84.

John Hancock Multifactor Developed International ETF Stock Performance

The firm’s 50-day moving average is $34.76 and its two-hundred day moving average is $33.82. The stock has a market cap of $656.01 million, a P/E ratio of 14.21 and a beta of 0.79.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Several hedge funds and other institutional investors have recently made changes to their positions in JHMD. Merit Financial Group LLC boosted its holdings in John Hancock Multifactor Developed International ETF by 1.2% in the fourth quarter. Merit Financial Group LLC now owns 450,167 shares of the company’s stock valued at $14,437,000 after acquiring an additional 5,253 shares during the last quarter. Magnus Financial Group LLC boosted its stake in shares of John Hancock Multifactor Developed International ETF by 2.8% in the 4th quarter. Magnus Financial Group LLC now owns 306,441 shares of the company’s stock valued at $9,828,000 after purchasing an additional 8,317 shares during the last quarter. Northwest Financial Advisors grew its position in shares of John Hancock Multifactor Developed International ETF by 42.0% during the 4th quarter. Northwest Financial Advisors now owns 28,342 shares of the company’s stock worth $909,000 after buying an additional 8,382 shares during the period. FFG Retirement Advisors LLC raised its stake in shares of John Hancock Multifactor Developed International ETF by 5.2% during the fourth quarter. FFG Retirement Advisors LLC now owns 87,467 shares of the company’s stock worth $2,805,000 after buying an additional 4,327 shares during the last quarter. Finally, Institute for Wealth Management LLC. raised its stake in shares of John Hancock Multifactor Developed International ETF by 4.3% during the fourth quarter. Institute for Wealth Management LLC. now owns 22,240 shares of the company’s stock worth $713,000 after buying an additional 915 shares during the last quarter.

About John Hancock Multifactor Developed International ETF

The John Hancock Multifactor Developed International ETF (JHMD) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks from developed markets ex-US and Canada, covering 85% of the market capitalization. Holdings are weighted based on fundamental and technical factors JHMD was launched on Dec 15, 2016 and is managed by John Hancock.