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

Shares of John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) hit a new 52-week high on Monday . The company traded as high as $42.27 and last traded at $42.23, with a volume of 36235 shares trading hands. The stock had previously closed at $41.90.

John Hancock Multifactor Developed International ETF Trading Up 0.8%

The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 14.46 and a beta of 0.81. The company has a 50-day moving average of $40.97 and a 200-day moving average of $39.85.

Hedge Funds Weigh In On John Hancock Multifactor Developed International ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans acquired a new stake in shares of John Hancock Multifactor Developed International ETF in the second quarter worth approximately $12,146,000. Bank of America Corp DE boosted its stake in shares of John Hancock Multifactor Developed International ETF by 53.8% during the 2nd quarter. Bank of America Corp DE now owns 723,022 shares of the company’s stock valued at $27,670,000 after buying an additional 252,988 shares during the last quarter. Simplicity Wealth LLC grew its stake in John Hancock Multifactor Developed International ETF by 311.5% in the second quarter. Simplicity Wealth LLC now owns 213,746 shares of the company’s stock worth $8,180,000 after purchasing an additional 161,803 shares in the last quarter. Raymond James Financial Inc. boosted its holdings 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 worth $31,063,000 after purchasing an additional 102,550 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in John Hancock Multifactor Developed International ETF by 38.0% during the 3rd 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 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.