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

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw unusually-strong trading volume on Monday . Approximately 865,835 shares traded hands during mid-day trading, an increase of 430% from the previous session’s volume of 163,408 shares.The stock last traded at $41.74 and had previously closed at $42.74.

John Hancock Multifactor Developed International ETF Stock Down 0.9%

The business has a 50 day moving average price of $43.71 and a two-hundred day moving average price of $41.55. The stock has a market cap of $1.10 billion, a P/E ratio of 14.46 and a beta of 0.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank grew its holdings in John Hancock Multifactor Developed International ETF by 15.1% during the 4th quarter. Comerica Bank now owns 3,137 shares of the company’s stock valued at $130,000 after buying an additional 411 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of John Hancock Multifactor Developed International ETF by 3.2% in the third quarter. Capital Advisors Ltd. LLC now owns 16,960 shares of the company’s stock worth $678,000 after buying an additional 525 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of John Hancock Multifactor Developed International ETF by 11.5% in the fourth quarter. HighTower Advisors LLC now owns 6,545 shares of the company’s stock worth $272,000 after buying an additional 675 shares in the last quarter. Balboa Wealth Partners boosted its position in shares of John Hancock Multifactor Developed International ETF by 12.1% during the third quarter. Balboa Wealth Partners now owns 7,159 shares of the company’s stock worth $286,000 after acquiring an additional 770 shares during the last quarter. Finally, Allworth Financial LP bought a new position in shares of John Hancock Multifactor Developed International ETF during the third quarter worth $39,000.

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.