John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sets New 12-Month High – Still a Buy?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $45.20 and last traded at $45.09, with a volume of 576817 shares changing hands. The stock had previously closed at $44.49.

John Hancock Multifactor Developed International ETF Stock Performance

The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 14.46 and a beta of 0.81. The business’s 50-day moving average is $42.41 and its 200-day moving average is $40.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its position in John Hancock Multifactor Developed International ETF by 21.5% in the 3rd quarter. Bank of America Corp DE now owns 878,717 shares of the company’s stock valued at $35,131,000 after purchasing an additional 155,695 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of John Hancock Multifactor Developed International ETF by 3.5% in the third quarter. Raymond James Financial Inc. now owns 839,721 shares of the company’s stock valued at $33,572,000 after buying an additional 28,029 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of John Hancock Multifactor Developed International ETF by 0.7% in the third quarter. Envestnet Asset Management Inc. now owns 559,219 shares of the company’s stock valued at $22,358,000 after buying an additional 4,020 shares during the last quarter. Magnus Financial Group LLC grew its holdings in John Hancock Multifactor Developed International ETF by 0.8% during the 4th quarter. Magnus Financial Group LLC now owns 325,182 shares of the company’s stock worth $13,505,000 after acquiring an additional 2,733 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in John Hancock Multifactor Developed International ETF in the 2nd quarter valued at about $12,146,000.

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.