John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Large Volume Increase – What’s Next?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw unusually-strong trading volume on Thursday . Approximately 490,908 shares were traded during mid-day trading, an increase of 228% from the previous session’s volume of 149,799 shares.The stock last traded at $44.99 and had previously closed at $44.85.

John Hancock Multifactor Developed International ETF Price Performance

The stock has a market capitalization of $941.34 million, a PE ratio of 14.46 and a beta of 0.75. The business’s fifty day moving average price is $43.58 and its 200-day moving average price is $42.84.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

A number of institutional investors and hedge funds have recently made changes to their positions in JHMD. Bank of America Corp DE raised its position in shares of John Hancock Multifactor Developed International ETF by 53.8% in the second quarter. Bank of America Corp DE now owns 723,022 shares of the company’s stock worth $27,670,000 after buying an additional 252,988 shares in the last quarter. Jane Street Group LLC purchased a new stake in John Hancock Multifactor Developed International ETF in the fourth quarter valued at approximately $8,306,000. Raymond James Financial Inc. raised its stake in 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 purchasing an additional 102,550 shares in the last quarter. LPL Financial LLC raised its stake in John Hancock Multifactor Developed International ETF by 11.3% in the fourth quarter. LPL Financial LLC now owns 998,364 shares of the company’s stock valued at $41,462,000 after purchasing an additional 101,631 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in John Hancock Multifactor Developed International ETF by 38.0% in the third quarter. Jones Financial Companies Lllp now owns 317,069 shares of the company’s stock valued at $12,596,000 after purchasing an additional 87,390 shares in the last quarter.

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.