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

Shares of John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw an uptick in trading volume on Tuesday . 451,516 shares were traded during trading, an increase of 305% from the previous session’s volume of 111,365 shares.The stock last traded at $34.88 and had previously closed at $34.70.

John Hancock Multifactor Developed International ETF Price Performance

The stock has a 50 day moving average price of $33.03 and a 200-day moving average price of $33.71. The stock has a market capitalization of $672.80 million, a P/E ratio of 15.42 and a beta of 0.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JHMD. Raymond James & Associates lifted its holdings in John Hancock Multifactor Developed International ETF by 9.8% in the third quarter. Raymond James & Associates now owns 66,557 shares of the company’s stock worth $2,353,000 after buying an additional 5,946 shares during the period. FFG Retirement Advisors LLC increased its position in shares of John Hancock Multifactor Developed International ETF by 2.2% during the third quarter. FFG Retirement Advisors LLC now owns 83,140 shares of the company’s stock valued at $2,940,000 after acquiring an additional 1,811 shares in the last quarter. TNF LLC increased its position in shares of John Hancock Multifactor Developed International ETF by 9.5% during the third quarter. TNF LLC now owns 15,021 shares of the company’s stock valued at $509,000 after acquiring an additional 1,307 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in John Hancock Multifactor Developed International ETF in the 3rd quarter worth approximately $209,000. Finally, First Horizon Advisors Inc. bought a new stake in John Hancock Multifactor Developed International ETF in the 3rd quarter worth approximately $120,000.

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.