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

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) shares saw an uptick in trading volume on Friday. 238,219 shares were traded during mid-day trading, an increase of 102% from the previous session’s volume of 118,173 shares. The stock last traded at $44.28 and had previously closed at $43.91.

John Hancock Multifactor Developed International ETF Trading Up 0.9%

The company has a market cap of $961.72 million, a PE ratio of 14.46 and a beta of 0.75. The firm’s fifty day moving average is $45.80 and its 200 day moving average is $44.78.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. raised its holdings in shares of John Hancock Multifactor Developed International ETF by 9.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 24,007 shares of the company’s stock valued at $1,066,000 after buying an additional 2,092 shares during the period. Envestnet Asset Management Inc. increased its stake in John Hancock Multifactor Developed International ETF by 0.5% during the second quarter. Envestnet Asset Management Inc. now owns 563,783 shares of the company’s stock worth $25,038,000 after purchasing an additional 2,615 shares during the period. MCF Advisors LLC acquired a new position in shares of John Hancock Multifactor Developed International ETF in the second quarter worth $7,738,000. Integrated Wealth Concepts LLC raised its stake in shares of John Hancock Multifactor Developed International ETF by 27.3% in the second quarter. Integrated Wealth Concepts LLC now owns 39,196 shares of the company’s stock valued at $1,741,000 after acquiring an additional 8,400 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of John Hancock Multifactor Developed International ETF by 24.2% in the 2nd quarter. Allworth Financial LP now owns 1,218 shares of the company’s stock valued at $54,000 after buying an additional 237 shares during the period.

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.