John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sets New 1-Year High – What’s Next?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $36.12 and last traded at $36.07, with a volume of 26188 shares traded. The stock had previously closed at $35.74.

John Hancock Multifactor Developed International ETF Stock Performance

The business’s 50-day simple moving average is $34.09 and its 200-day simple moving average is $33.89. The company has a market capitalization of $687.05 million, a price-to-earnings ratio of 15.47 and a beta of 0.85.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. OneDigital Investment Advisors LLC bought a new position in shares of John Hancock Multifactor Developed International ETF during the 3rd quarter worth approximately $209,000. First Horizon Advisors Inc. bought a new position in John Hancock Multifactor Developed International ETF during the 3rd quarter valued at $120,000. Zacks Investment Management bought a new position in John Hancock Multifactor Developed International ETF during the 3rd quarter valued at $210,000. Merit Financial Group LLC lifted its stake in John Hancock Multifactor Developed International ETF by 1.2% during the 4th quarter. Merit Financial Group LLC now owns 450,167 shares of the company’s stock valued at $14,437,000 after acquiring an additional 5,253 shares in the last quarter. Finally, Magnus Financial Group LLC lifted its stake in John Hancock Multifactor Developed International ETF by 2.8% during the 4th quarter. Magnus Financial Group LLC now owns 306,441 shares of the company’s stock valued at $9,828,000 after acquiring an additional 8,317 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.