Merit Financial Group LLC Sells 29,608 Shares of John Hancock Multifactor Developed International ETF $JHMD

Merit Financial Group LLC lowered its position in John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) by 18.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 131,305 shares of the company’s stock after selling 29,608 shares during the period. Merit Financial Group LLC’s holdings in John Hancock Multifactor Developed International ETF were worth $5,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC grew its position in John Hancock Multifactor Developed International ETF by 49.2% in the 1st quarter. Jane Street Group LLC now owns 144,236 shares of the company’s stock worth $5,041,000 after purchasing an additional 47,538 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of John Hancock Multifactor Developed International ETF by 449.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 96,092 shares of the company’s stock worth $3,684,000 after buying an additional 78,612 shares during the last quarter. Magnus Financial Group LLC increased its position in shares of John Hancock Multifactor Developed International ETF by 1.1% during the second quarter. Magnus Financial Group LLC now owns 320,286 shares of the company’s stock valued at $12,257,000 after acquiring an additional 3,537 shares during the last quarter. ORG Partners LLC bought a new stake in John Hancock Multifactor Developed International ETF during the second quarter worth $293,000. Finally, Institute for Wealth Management LLC. lifted its holdings in John Hancock Multifactor Developed International ETF by 1.6% during the second quarter. Institute for Wealth Management LLC. now owns 22,668 shares of the company’s stock worth $868,000 after acquiring an additional 365 shares during the period.

John Hancock Multifactor Developed International ETF Trading Down 0.3%

JHMD stock opened at $41.53 on Friday. The stock’s fifty day simple moving average is $40.92 and its two-hundred day simple moving average is $39.76. John Hancock Multifactor Developed International ETF has a 1-year low of $30.98 and a 1-year high of $42.27. The stock has a market cap of $843.06 million, a P/E ratio of 14.46 and a beta of 0.81.

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.