John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sets New 12-Month High – Still a Buy?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.27 and last traded at $41.5660, with a volume of 28806 shares traded. The stock had previously closed at $42.20.

John Hancock Multifactor Developed International ETF Stock Performance

The company’s 50-day moving average price is $40.87 and its 200 day moving average price is $39.74. The stock has a market cap of $845.29 million, a PE ratio of 14.46 and a beta of 0.81.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in shares of John Hancock Multifactor Developed International ETF during the 3rd quarter valued at $39,000. Ameriflex Group Inc. lifted its position in John Hancock Multifactor Developed International ETF by 209.1% during the second quarter. Ameriflex Group Inc. now owns 3,375 shares of the company’s stock valued at $128,000 after purchasing an additional 2,283 shares in the last quarter. AE Wealth Management LLC bought a new stake in John Hancock Multifactor Developed International ETF during the third quarter valued at about $135,000. CLG LLC purchased a new stake in John Hancock Multifactor Developed International ETF in the second quarter worth about $203,000. Finally, MONECO Advisors LLC purchased a new stake in John Hancock Multifactor Developed International ETF in the third quarter worth about $207,000.

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.