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

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) shares saw unusually-high trading volume on Thursday . Approximately 490,908 shares were traded during mid-day trading, an increase of 228% from the previous session’s volume of 149,799 shares.The stock last traded at $44.99 and had previously closed at $44.85.

John Hancock Multifactor Developed International ETF Stock Down 0.4%

The company has a market capitalization of $937.99 million, a P/E ratio of 14.46 and a beta of 0.75. The business has a 50 day simple moving average of $43.65 and a 200-day simple moving average of $42.89.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Allworth Financial LP bought a new stake in John Hancock Multifactor Developed International ETF in the third quarter worth about $39,000. Assetmark Inc. lifted its holdings in John Hancock Multifactor Developed International ETF by 866.7% in the 4th quarter. Assetmark Inc. now owns 1,160 shares of the company’s stock valued at $48,000 after acquiring an additional 1,040 shares during the last quarter. Comerica Bank boosted its position in shares of 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 purchasing an additional 411 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of John Hancock Multifactor Developed International ETF during the 3rd quarter valued at about $135,000. Finally, Western Wealth Management LLC acquired a new position in shares of John Hancock Multifactor Developed International ETF in the 1st quarter worth approximately $157,000.

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.