John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sets New 1-Year High – Should You Buy?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) shares hit a new 52-week high on Monday . The company traded as high as $42.72 and last traded at $42.7220, with a volume of 7202 shares trading hands. The stock had previously closed at $42.22.

John Hancock Multifactor Developed International ETF Trading Up 0.5%

The stock’s fifty day moving average price is $41.12 and its 200 day moving average price is $39.97. The stock has a market cap of $1.04 billion, a P/E 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. Allworth Financial LP purchased a new position in shares of John Hancock Multifactor Developed International ETF in the third quarter worth about $39,000. Ameriflex Group Inc. raised its position in shares of John Hancock Multifactor Developed International ETF by 209.1% in the 2nd quarter. Ameriflex Group Inc. now owns 3,375 shares of the company’s stock worth $128,000 after acquiring an additional 2,283 shares in the last quarter. AE Wealth Management LLC bought a new position in John Hancock Multifactor Developed International ETF in the third quarter worth $135,000. CLG LLC purchased a new position in John Hancock Multifactor Developed International ETF during the 2nd quarter valued at about $203,000. Finally, MONECO Advisors LLC purchased a new position in shares of John Hancock Multifactor Developed International ETF during the third quarter valued at approximately $207,000.

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.