John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Large Volume Increase – Here’s Why

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) shares saw unusually-high trading volume on Tuesday . Approximately 316,005 shares were traded during mid-day trading, an increase of 97% from the previous session’s volume of 160,776 shares.The stock last traded at $43.83 and had previously closed at $43.66.

John Hancock Multifactor Developed International ETF Stock Down 0.3%

The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 14.46 and a beta of 0.81. The business’s 50 day simple moving average is $42.04 and its 200 day simple moving average is $40.53.

Institutional Trading of John Hancock Multifactor Developed International ETF

Large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of John Hancock Multifactor Developed International ETF by 21.5% during the third quarter. Bank of America Corp DE now owns 878,717 shares of the company’s stock worth $35,131,000 after buying an additional 155,695 shares during the last quarter. Raymond James Financial Inc. raised its stake in John Hancock Multifactor Developed International ETF by 3.5% during the third quarter. Raymond James Financial Inc. now owns 839,721 shares of the company’s stock worth $33,572,000 after buying an additional 28,029 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 worth $22,358,000 after acquiring an additional 4,020 shares in the last quarter. Magnus Financial Group LLC increased its holdings in John Hancock Multifactor Developed International ETF by 0.8% in the fourth quarter. Magnus Financial Group LLC now owns 325,182 shares of the company’s stock worth $13,505,000 after purchasing an additional 2,733 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in John Hancock Multifactor Developed International ETF during the second quarter worth $12,146,000.

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.