John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Large Volume Increase – Here’s What Happened

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) shares saw unusually-high trading volume on Wednesday . 523,399 shares traded hands during mid-day trading, an increase of 293% from the previous session’s volume of 133,057 shares.The stock last traded at $44.21 and had previously closed at $44.79.

John Hancock Multifactor Developed International ETF Stock Performance

The company has a market capitalization of $946.22 million, a PE ratio of 14.46 and a beta of 0.74. The stock has a 50 day moving average price of $44.76 and a two-hundred day moving average price of $43.85.

Institutional Trading of John Hancock Multifactor Developed International ETF

Institutional investors have recently added to or reduced their stakes in the business. Cooper Financial Group increased its stake in shares of John Hancock Multifactor Developed International ETF by 47.4% during the 4th quarter. Cooper Financial Group now owns 70,867 shares of the company’s stock worth $2,943,000 after purchasing an additional 22,775 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in John Hancock Multifactor Developed International ETF in the fourth quarter worth $704,000. Sanctuary Advisors LLC bought a new stake in John Hancock Multifactor Developed International ETF in the fourth quarter worth $799,000. CoreCap Advisors LLC increased its position in John Hancock Multifactor Developed International ETF by 18.9% during the fourth quarter. CoreCap Advisors LLC now owns 103,589 shares of the company’s stock worth $4,302,000 after buying an additional 16,500 shares during the last quarter. Finally, Financially in Tune LLC bought a new position in John Hancock Multifactor Developed International ETF during the fourth quarter valued at about $1,154,000.

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.