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

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) 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 Down 1.0 %

The firm has a market capitalization of $637.88 million, a PE ratio of 14.21 and a beta of 0.79. The firm has a 50-day moving average price of $34.73 and a 200 day moving average price of $33.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Simplicity Wealth LLC purchased a new position in John Hancock Multifactor Developed International ETF during the 1st quarter worth $1,815,000. Magnus Financial Group LLC boosted its stake in shares of John Hancock Multifactor Developed International ETF by 3.4% during the first quarter. Magnus Financial Group LLC now owns 316,749 shares of the company’s stock valued at $11,070,000 after acquiring an additional 10,308 shares during the last quarter. Northwest Financial Advisors grew its stake in John Hancock Multifactor Developed International ETF by 16.4% in the 1st quarter. Northwest Financial Advisors now owns 32,998 shares of the company’s stock worth $1,153,000 after acquiring an additional 4,656 shares during the period. Brooklyn FI LLC purchased a new position in shares of John Hancock Multifactor Developed International ETF in the 4th quarter worth $5,393,000. Finally, Evensky & Katz LLC grew its holdings in shares of John Hancock Multifactor Developed International ETF by 0.6% during the 4th quarter. Evensky & Katz LLC now owns 980,849 shares of the company’s stock worth $31,456,000 after purchasing an additional 5,677 shares during the period.

John Hancock Multifactor Developed International ETF Company Profile

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.