John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Stock Breaks Above 200 Day Moving Average – Here’s Why

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD)’s share price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $44.62 and traded as high as $45.20. John Hancock Multifactor Developed International ETF shares last traded at $45.05, with a volume of 46,128 shares.

John Hancock Multifactor Developed International ETF Stock Up 0.2%

The firm has a fifty day moving average price of $44.81 and a 200 day moving average price of $44.64. The company has a market cap of $1.01 billion, a P/E ratio of 15.56 and a beta of 0.76.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Advisory Solutions Group LLC acquired a new stake in John Hancock Multifactor Developed International ETF in the 2nd quarter valued at about $824,000. Royal Bank of Canada raised its stake in shares of John Hancock Multifactor Developed International ETF by 35.3% in the first quarter. Royal Bank of Canada now owns 200,313 shares of the company’s stock worth $8,487,000 after acquiring an additional 52,226 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of John Hancock Multifactor Developed International ETF by 15.9% in the third quarter. CoreCap Advisors LLC now owns 142,152 shares of the company’s stock worth $6,304,000 after acquiring an additional 19,508 shares during the last quarter. FFG Retirement Advisors LLC lifted its position in shares of John Hancock Multifactor Developed International ETF by 70.1% during the second quarter. FFG Retirement Advisors LLC now owns 119,272 shares of the company’s stock worth $5,297,000 after purchasing an additional 49,163 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its position in shares of John Hancock Multifactor Developed International ETF by 72.9% during the third quarter. Simplicity Wealth LLC now owns 625,257 shares of the company’s stock worth $27,730,000 after purchasing an additional 263,585 shares in the last quarter.

John Hancock Multifactor Developed International ETF Company Profile

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.