John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Reaches New 12-Month High – Should You Buy?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $44.14 and last traded at $44.07, with a volume of 66720 shares trading hands. The stock had previously closed at $43.38.

John Hancock Multifactor Developed International ETF Stock Performance

The firm has a market capitalization of $1.14 billion, a P/E ratio of 14.46 and a beta of 0.81. The business has a fifty day moving average of $41.70 and a 200-day moving average of $40.36.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans acquired a new stake in John Hancock Multifactor Developed International ETF in the second quarter worth about $12,146,000. Bank of America Corp DE lifted its stake in shares of John Hancock Multifactor Developed International ETF by 53.8% in the 2nd quarter. Bank of America Corp DE now owns 723,022 shares of the company’s stock worth $27,670,000 after acquiring an additional 252,988 shares during the period. Simplicity Wealth LLC lifted its stake in shares of John Hancock Multifactor Developed International ETF by 311.5% in the 2nd quarter. Simplicity Wealth LLC now owns 213,746 shares of the company’s stock worth $8,180,000 after acquiring an additional 161,803 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of John Hancock Multifactor Developed International ETF by 14.5% in the second quarter. Raymond James Financial Inc. now owns 811,692 shares of the company’s stock valued at $31,063,000 after acquiring an additional 102,550 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of John Hancock Multifactor Developed International ETF by 38.0% during the third quarter. Jones Financial Companies Lllp now owns 317,069 shares of the company’s stock valued at $12,596,000 after acquiring an additional 87,390 shares during the period.

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.