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

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $42.95 and last traded at $42.8850, with a volume of 14445 shares trading hands. The stock had previously closed at $42.69.

John Hancock Multifactor Developed International ETF Stock Performance

The company’s 50 day moving average price is $41.46 and its 200-day moving average price is $40.20. The stock has a market cap of $1.11 billion, a P/E ratio of 14.46 and a beta of 0.81.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JHMD. Allworth Financial LP purchased a new position in shares of John Hancock Multifactor Developed International ETF in the 3rd quarter worth approximately $39,000. Ameriflex Group Inc. boosted its position in John Hancock Multifactor Developed International ETF by 209.1% in the second quarter. Ameriflex Group Inc. now owns 3,375 shares of the company’s stock worth $128,000 after purchasing an additional 2,283 shares during the last quarter. AE Wealth Management LLC bought a new position in John Hancock Multifactor Developed International ETF in the 3rd quarter valued at $135,000. CLG LLC purchased a new stake in shares of John Hancock Multifactor Developed International ETF during the 2nd quarter valued at $203,000. Finally, MONECO Advisors LLC bought a new stake in shares of John Hancock Multifactor Developed International ETF during the 3rd quarter worth $207,000.

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.