John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Unusually-High Trading Volume – Should You Buy?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) shares saw unusually-strong trading volume on Friday. Approximately 238,219 shares traded hands during mid-day trading, an increase of 102% from the previous session’s volume of 118,173 shares. The stock last traded at $44.28 and had previously closed at $43.91.

John Hancock Multifactor Developed International ETF Trading Up 0.9%

The firm’s fifty day moving average price is $45.80 and its 200-day moving average price is $44.78. The firm has a market cap of $961.72 million, a price-to-earnings ratio of 14.46 and a beta of 0.75.

Hedge Funds Weigh In On John Hancock Multifactor Developed International ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in John Hancock Multifactor Developed International ETF by 0.5% in the second quarter. Envestnet Asset Management Inc. now owns 563,783 shares of the company’s stock worth $25,038,000 after acquiring an additional 2,615 shares in the last quarter. Simplicity Wealth LLC increased its holdings in John Hancock Multifactor Developed International ETF by 31.7% during the 1st quarter. Simplicity Wealth LLC now owns 316,683 shares of the company’s stock valued at $13,418,000 after acquiring an additional 76,140 shares in the last quarter. Royal Bank of Canada lifted its holdings 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 valued at $8,487,000 after purchasing an additional 52,226 shares in the last quarter. MCF Advisors LLC purchased a new position in shares of John Hancock Multifactor Developed International ETF during the 2nd quarter worth approximately $7,738,000. Finally, CoreCap Advisors LLC lifted its stake in John Hancock Multifactor Developed International ETF by 4.0% in the 2nd quarter. CoreCap Advisors LLC now owns 122,644 shares of the company’s stock valued at $5,447,000 after buying an additional 4,757 shares in the last quarter.

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.