John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sets New 1-Year High – Here’s Why

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $41.86 and last traded at $41.82, with a volume of 60970 shares trading hands. The stock had previously closed at $41.49.

John Hancock Multifactor Developed International ETF Trading Down 0.6%

The firm has a 50 day simple moving average of $40.53 and a 200 day simple moving average of $39.50. The firm has a market capitalization of $839.00 million, a PE ratio of 14.46 and a beta of 0.81.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its stake in John Hancock Multifactor Developed International ETF by 449.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 96,092 shares of the company’s stock valued at $3,684,000 after buying an additional 78,612 shares during the last quarter. ORG Partners LLC bought a new stake in shares of John Hancock Multifactor Developed International ETF in the second quarter worth $293,000. Envestnet Asset Management Inc. grew its holdings in shares of John Hancock Multifactor Developed International ETF by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 555,199 shares of the company’s stock worth $21,247,000 after acquiring an additional 7,972 shares during the period. Institute for Wealth Management LLC. increased its position in John Hancock Multifactor Developed International ETF by 1.6% during the second quarter. Institute for Wealth Management LLC. now owns 22,668 shares of the company’s stock valued at $868,000 after acquiring an additional 365 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in John Hancock Multifactor Developed International ETF in the second quarter valued at about $213,000.

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.