John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Reaches New 12-Month High – Should You Buy?

Shares of John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) reached a new 52-week high on Tuesday . The company traded as high as $46.04 and last traded at $46.03, with a volume of 20332 shares trading hands. The stock had previously closed at $45.67.

John Hancock Multifactor Developed International ETF Price Performance

The firm has a fifty day moving average price of $44.86 and a two-hundred day moving average price of $44.26. The stock has a market capitalization of $980.29 million, a P/E ratio of 14.46 and a beta of 0.74.

Hedge Funds Weigh In On John Hancock Multifactor Developed International ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in shares of John Hancock Multifactor Developed International ETF by 53.8% during the 2nd quarter. Bank of America Corp DE now owns 723,022 shares of the company’s stock valued at $27,670,000 after purchasing an additional 252,988 shares during the last quarter. Jane Street Group LLC purchased a new position in John Hancock Multifactor Developed International ETF in the 4th quarter worth about $8,306,000. Raymond James Financial Inc. raised its stake in shares of John Hancock Multifactor Developed International ETF by 14.5% during the second quarter. Raymond James Financial Inc. now owns 811,692 shares of the company’s stock valued at $31,063,000 after acquiring an additional 102,550 shares in the last quarter. LPL Financial LLC grew its position in shares of John Hancock Multifactor Developed International ETF by 11.3% during the 4th quarter. LPL Financial LLC now owns 998,364 shares of the company’s stock worth $41,462,000 after buying an additional 101,631 shares in the last quarter. Finally, Simplicity Wealth LLC raised its stake in John Hancock Multifactor Developed International ETF by 31.7% in the first quarter. Simplicity Wealth LLC now owns 316,683 shares of the company’s stock worth $13,418,000 after buying an additional 76,140 shares in the last quarter.

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.