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

Shares of John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw unusually-strong trading volume on Tuesday . Approximately 110,511 shares changed hands during trading, an increase of 60% from the previous session’s volume of 68,949 shares.The stock last traded at $34.57 and had previously closed at $34.29.

John Hancock Multifactor Developed International ETF Price Performance

The business has a fifty day moving average of $34.68 and a 200-day moving average of $33.82. The stock has a market capitalization of $638.45 million, a price-to-earnings ratio of 14.21 and a beta of 0.79.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JHMD. SigFig Wealth Management LLC boosted its holdings in shares of John Hancock Multifactor Developed International ETF by 5.0% in the fourth quarter. SigFig Wealth Management LLC now owns 17,615 shares of the company’s stock worth $565,000 after buying an additional 840 shares during the period. Principal Securities Inc. lifted its position in shares of John Hancock Multifactor Developed International ETF by 12.0% in the 4th quarter. Principal Securities Inc. now owns 8,031 shares of the company’s stock valued at $258,000 after acquiring an additional 859 shares in the last quarter. Institute for Wealth Management LLC. boosted its stake in John Hancock Multifactor Developed International ETF by 4.3% in the 4th quarter. Institute for Wealth Management LLC. now owns 22,240 shares of the company’s stock worth $713,000 after purchasing an additional 915 shares during the period. Stratos Wealth Partners LTD. grew its position in John Hancock Multifactor Developed International ETF by 7.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,749 shares of the company’s stock worth $537,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in John Hancock Multifactor Developed International ETF during the 4th quarter valued at $94,000.

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.