John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Hits New 1-Year Low – Should You Sell?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD)’s stock price reached a new 52-week low on Monday . The stock traded as low as $30.98 and last traded at $30.98, with a volume of 7691 shares traded. The stock had previously closed at $32.21.

John Hancock Multifactor Developed International ETF Stock Up 7.8 %

The stock has a market capitalization of $645.20 million, a price-to-earnings ratio of 15.31 and a beta of 0.85. The business’s 50-day moving average is $34.66 and its two-hundred day moving average is $33.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC lifted its position in John Hancock Multifactor Developed International ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 1,351,370 shares of the company’s stock worth $43,338,000 after buying an additional 60,242 shares in the last quarter. Evensky & Katz LLC raised 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 acquiring an additional 5,677 shares during the period. Raymond James Financial Inc. acquired a new position in shares of John Hancock Multifactor Developed International ETF during the 4th quarter valued at about $23,481,000. Merit Financial Group LLC grew its holdings in shares of 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 purchasing an additional 5,253 shares during the period. Finally, Wells Fargo & Company MN increased its position in John Hancock Multifactor Developed International ETF by 8.4% during the fourth quarter. Wells Fargo & Company MN now owns 449,988 shares of the company’s stock worth $14,431,000 after purchasing an additional 34,863 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.