John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Hits New 52-Week High – What’s Next?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.86 and last traded at $41.82, with a volume of 60970 shares traded. The stock had previously closed at $41.49.

John Hancock Multifactor Developed International ETF Stock Up 0.8%

The company’s 50-day moving average price is $40.48 and its 200-day moving average price is $39.46. The firm has a market cap of $848.95 million, a price-to-earnings ratio of 14.46 and a beta of 0.81.

Hedge Funds Weigh In On John Hancock Multifactor Developed International ETF

Several institutional investors have recently modified their holdings of JHMD. Flow Traders U.S. LLC increased its position in shares of John Hancock Multifactor Developed International ETF by 133.9% during the first quarter. Flow Traders U.S. LLC now owns 554,453 shares of the company’s stock worth $19,378,000 after acquiring an additional 317,425 shares during the period. The Manufacturers Life Insurance Company increased its holdings in John Hancock Multifactor Developed International ETF by 3.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 9,542,406 shares of the company’s stock worth $333,507,000 after purchasing an additional 308,245 shares during the period. Jane Street Group LLC increased its holdings in John Hancock Multifactor Developed International ETF by 49.2% during the 1st quarter. Jane Street Group LLC now owns 144,236 shares of the company’s stock worth $5,041,000 after purchasing an additional 47,538 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of John Hancock Multifactor Developed International ETF by 449.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 96,092 shares of the company’s stock valued at $3,684,000 after buying an additional 78,612 shares during the period. Finally, Magnus Financial Group LLC boosted its stake in shares of John Hancock Multifactor Developed International ETF by 1.1% in the 2nd quarter. Magnus Financial Group LLC now owns 320,286 shares of the company’s stock valued at $12,257,000 after buying an additional 3,537 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.