John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sets New 52-Week 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 company traded as high as $41.92 and last traded at $41.8360, with a volume of 21118 shares trading hands. The stock had previously closed at $41.79.

John Hancock Multifactor Developed International ETF Price Performance

The company has a 50 day simple moving average of $40.61 and a 200-day simple moving average of $39.56. The firm has a market cap of $849.86 million, a PE ratio of 14.46 and a beta of 0.81.

Hedge Funds Weigh In On John Hancock Multifactor Developed International ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in shares of John Hancock Multifactor Developed International ETF during the 3rd quarter worth $39,000. Ameriflex Group Inc. boosted its stake in shares of John Hancock Multifactor Developed International ETF by 209.1% in the 2nd quarter. Ameriflex Group Inc. now owns 3,375 shares of the company’s stock valued at $128,000 after buying an additional 2,283 shares during the period. AE Wealth Management LLC purchased a new stake in shares of John Hancock Multifactor Developed International ETF in the 3rd quarter valued at approximately $135,000. MONECO Advisors LLC acquired a new position in shares of John Hancock Multifactor Developed International ETF during the 3rd quarter worth about $207,000. Finally, CLG LLC purchased a new stake in shares of John Hancock Multifactor Developed International ETF during the 2nd quarter worth approximately $203,000.

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.