John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Strong Trading Volume – Here’s What Happened

Shares of John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw strong trading volume on Wednesday . 523,399 shares traded hands during trading, an increase of 293% from the previous session’s volume of 133,057 shares.The stock last traded at $44.21 and had previously closed at $44.79.

John Hancock Multifactor Developed International ETF Trading Down 1.7%

The stock has a fifty day moving average of $44.76 and a 200-day moving average of $43.85. The firm has a market capitalization of $946.22 million, a price-to-earnings ratio of 14.46 and a beta of 0.74.

Hedge Funds Weigh In On John Hancock Multifactor Developed International ETF

A number of institutional investors have recently bought and sold shares of the stock. LPL Financial LLC lifted its stake in John Hancock Multifactor Developed International ETF by 11.3% during the fourth quarter. LPL Financial LLC now owns 998,364 shares of the company’s stock valued at $41,462,000 after buying an additional 101,631 shares in the last quarter. Bank of America Corp DE increased its position 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 worth $35,131,000 after acquiring an additional 155,695 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of 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 valued at $33,572,000 after acquiring an additional 28,029 shares during the period. Magnus Financial Group LLC raised its holdings in shares of 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 valued at $13,505,000 after acquiring an additional 2,733 shares during the period. Finally, Simplicity Wealth LLC lifted its position in shares of John Hancock Multifactor Developed International ETF by 31.7% in the 1st quarter. Simplicity Wealth LLC now owns 316,683 shares of the company’s stock valued at $13,418,000 after acquiring an additional 76,140 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.