John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Stock Breaks Above 200-Day Moving Average – Here’s Why

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $44.55 and traded as high as $44.69. John Hancock Multifactor Developed International ETF shares last traded at $44.65, with a volume of 58,851 shares traded.

John Hancock Multifactor Developed International ETF Stock Performance

The company has a 50 day moving average of $45.08 and a 200 day moving average of $44.56. The stock has a market capitalization of $990.30 million, a price-to-earnings ratio of 14.46 and a beta of 0.75.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Hedge funds have recently modified their holdings of the business. Evensky & Katz LLC acquired a new stake in shares of John Hancock Multifactor Developed International ETF in the 3rd quarter worth $32,477,000. Simplicity Wealth LLC boosted its position in shares of John Hancock Multifactor Developed International ETF by 72.9% during the 3rd quarter. Simplicity Wealth LLC now owns 625,257 shares of the company’s stock valued at $27,730,000 after acquiring an additional 263,585 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of John Hancock Multifactor Developed International ETF by 0.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 563,783 shares of the company’s stock valued at $25,038,000 after acquiring an additional 2,615 shares during the last quarter. Magnus Financial Group LLC grew its holdings in shares of John Hancock Multifactor Developed International ETF by 0.9% in the third quarter. Magnus Financial Group LLC now owns 338,287 shares of the company’s stock valued at $15,003,000 after purchasing an additional 3,009 shares during the period. Finally, Royal Bank of Canada grew 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 during the period.

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.