John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Large Volume Increase – Still a Buy?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw unusually-high trading volume on Monday . Approximately 425,940 shares were traded during trading, an increase of 143% from the previous session’s volume of 174,936 shares.The stock last traded at $44.8860 and had previously closed at $44.49.

John Hancock Multifactor Developed International ETF Trading Up 1.3%

The firm has a 50-day simple moving average of $42.32 and a two-hundred day simple moving average of $40.69. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.46 and a beta of 0.81.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Several hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC increased its holdings in shares of John Hancock Multifactor Developed International ETF by 11.5% during the 4th quarter. HighTower Advisors LLC now owns 6,545 shares of the company’s stock valued at $272,000 after purchasing an additional 675 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of John Hancock Multifactor Developed International ETF by 72.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,980 shares of the company’s stock valued at $539,000 after buying an additional 5,447 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of John Hancock Multifactor Developed International ETF by 2.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 314,979 shares of the company’s stock valued at $13,083,000 after purchasing an additional 8,274 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in John Hancock Multifactor Developed International ETF during the 4th quarter worth approximately $704,000. Finally, Sun Financial Inc purchased a new stake in shares of John Hancock Multifactor Developed International ETF during the fourth quarter worth approximately $235,000.

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.