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 strong trading volume on Wednesday . 1,187,033 shares were traded during mid-day trading, an increase of 210% from the previous session’s volume of 382,772 shares.The stock last traded at $42.1430 and had previously closed at $42.31.

John Hancock Multifactor Developed International ETF Stock Up 0.1%

The stock has a market cap of $1.02 billion, a P/E ratio of 14.46 and a beta of 0.81. The business has a 50 day moving average price of $41.07 and a 200 day moving average price of $39.91.

Institutional Trading of John Hancock Multifactor Developed International ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JHMD. Wealth Enhancement Advisory Services LLC boosted its stake in shares of John Hancock Multifactor Developed International ETF by 13.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,801 shares of the company’s stock valued at $4,688,000 after purchasing an additional 12,728 shares during the period. Cooper Financial Group lifted its holdings in John Hancock Multifactor Developed International ETF by 47.4% during the 4th quarter. Cooper Financial Group now owns 70,867 shares of the company’s stock valued at $2,943,000 after buying an additional 22,775 shares in the last quarter. Magnus Financial Group LLC boosted its position in John Hancock Multifactor Developed International ETF by 0.8% in the 4th quarter. Magnus Financial Group LLC now owns 325,182 shares of the company’s stock valued at $13,505,000 after buying an additional 2,733 shares during the period. Allworth Financial LP bought a new position in John Hancock Multifactor Developed International ETF in the 3rd quarter worth about $39,000. Finally, Advisory Services Network LLC purchased a new stake in shares of John Hancock Multifactor Developed International ETF in the third quarter valued at approximately $1,131,000.

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.