John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sets New 12-Month High – Time to Buy?

Shares of John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.14 and last traded at $44.07, with a volume of 66720 shares. The stock had previously closed at $43.38.

John Hancock Multifactor Developed International ETF Stock Up 0.9%

The business’s fifty day moving average is $41.88 and its two-hundred day moving average is $40.41. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 14.46 and a beta of 0.81.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. raised its holdings in John Hancock Multifactor Developed International ETF by 136.4% during the 2nd quarter. Osaic Holdings Inc. now owns 51,591 shares of the company’s stock worth $1,975,000 after purchasing an additional 29,772 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of John Hancock Multifactor Developed International ETF by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 555,199 shares of the company’s stock valued at $21,247,000 after purchasing an additional 7,972 shares during the last quarter. Institute for Wealth Management LLC. grew its position in shares of John Hancock Multifactor Developed International ETF by 1.6% during the 2nd quarter. Institute for Wealth Management LLC. now owns 22,668 shares of the company’s stock worth $868,000 after buying an additional 365 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of John Hancock Multifactor Developed International ETF during the second quarter worth approximately $213,000. Finally, CoreCap Advisors LLC raised its stake in shares of John Hancock Multifactor Developed International ETF by 21.3% during the third quarter. CoreCap Advisors LLC now owns 87,089 shares of the company’s stock worth $3,482,000 after buying an additional 15,290 shares during the last quarter.

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.