John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Strong Trading Volume – Still a Buy?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) shares saw unusually-high trading volume on Monday . Approximately 70,485 shares traded 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 Trading Up 2.3 %

The firm has a 50-day moving average of $34.76 and a two-hundred day moving average of $33.82. The firm has a market cap of $656.01 million, a price-to-earnings ratio of 14.21 and a beta of 0.79.

Hedge Funds Weigh In On John Hancock Multifactor Developed International ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of John Hancock Multifactor Developed International ETF during the 4th quarter worth about $23,481,000. Brooklyn FI LLC bought a new position in John Hancock Multifactor Developed International ETF during the fourth quarter valued at about $5,393,000. LPL Financial LLC raised its holdings in John Hancock Multifactor Developed International ETF by 4.7% in the 4th quarter. LPL Financial LLC now owns 1,351,370 shares of the company’s stock valued at $43,338,000 after acquiring an additional 60,242 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of John Hancock Multifactor Developed International ETF by 134.8% in the 4th quarter. Jones Financial Companies Lllp now owns 93,483 shares of the company’s stock worth $2,998,000 after acquiring an additional 53,675 shares during the period. Finally, Simplicity Wealth LLC acquired a new stake in shares of John Hancock Multifactor Developed International ETF during the 1st quarter worth approximately $1,815,000.

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.