John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sets New 12-Month High – Here’s Why

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.72 and last traded at $42.7220, with a volume of 7202 shares changing hands. The stock had previously closed at $42.22.

John Hancock Multifactor Developed International ETF Price Performance

The business has a 50-day simple moving average of $41.12 and a two-hundred day simple moving average of $39.97. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 14.46 and a beta of 0.81.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Several hedge funds have recently added to or reduced their stakes in JHMD. Bank of America Corp DE increased its holdings in shares of John Hancock Multifactor Developed International ETF by 21.5% in the third quarter. Bank of America Corp DE now owns 878,717 shares of the company’s stock valued at $35,131,000 after purchasing an additional 155,695 shares during the last quarter. Raymond James Financial Inc. grew its stake in John Hancock Multifactor Developed International ETF by 3.5% in the 3rd quarter. Raymond James Financial Inc. now owns 839,721 shares of the company’s stock valued at $33,572,000 after buying an additional 28,029 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in John Hancock Multifactor Developed International ETF by 0.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 559,219 shares of the company’s stock valued at $22,358,000 after acquiring an additional 4,020 shares during the period. Magnus Financial Group LLC lifted its position in John Hancock Multifactor Developed International ETF by 0.8% during the fourth quarter. Magnus Financial Group LLC now owns 325,182 shares of the company’s stock worth $13,505,000 after acquiring an additional 2,733 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in shares of John Hancock Multifactor Developed International ETF in the second quarter valued at approximately $12,146,000.

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.