John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Large Volume Increase – Time to Buy?

Shares of John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw unusually-strong trading volume on Friday . Approximately 263,788 shares traded hands during mid-day trading, an increase of 133% from the previous session’s volume of 113,318 shares.The stock last traded at $31.76 and had previously closed at $32.26.

John Hancock Multifactor Developed International ETF Stock Down 1.5 %

The stock has a market cap of $667.17 million, a price-to-earnings ratio of 13.74 and a beta of 0.80. The stock has a 50 day simple moving average of $32.96 and a 200 day simple moving average of $33.77.

Institutional Trading of John Hancock Multifactor Developed International ETF

Several hedge funds have recently bought and sold shares of JHMD. Zacks Investment Management acquired a new position in John Hancock Multifactor Developed International ETF during the 3rd quarter valued at about $210,000. First Horizon Advisors Inc. purchased a new stake in shares of John Hancock Multifactor Developed International ETF in the third quarter worth approximately $120,000. OneDigital Investment Advisors LLC bought a new position in shares of John Hancock Multifactor Developed International ETF in the third quarter valued at approximately $209,000. TNF LLC boosted its position in shares of John Hancock Multifactor Developed International ETF by 9.5% during the third quarter. TNF LLC now owns 15,021 shares of the company’s stock valued at $509,000 after buying an additional 1,307 shares during the last quarter. Finally, FFG Retirement Advisors LLC grew its holdings in John Hancock Multifactor Developed International ETF by 2.2% during the third quarter. FFG Retirement Advisors LLC now owns 83,140 shares of the company’s stock worth $2,940,000 after buying an additional 1,811 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.