John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sets New 52-Week High – Still a Buy?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $36.12 and last traded at $36.07, with a volume of 26188 shares changing hands. The stock had previously closed at $35.74.

John Hancock Multifactor Developed International ETF Stock Up 1.0 %

The firm’s 50-day simple moving average is $33.94 and its 200-day simple moving average is $33.88. The firm has a market capitalization of $689.22 million, a P/E ratio of 15.47 and a beta of 0.85.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

A number of hedge funds have recently made changes to their positions in JHMD. OneDigital Investment Advisors LLC purchased a new stake in John Hancock Multifactor Developed International ETF during the 3rd quarter valued at about $209,000. First Horizon Advisors Inc. purchased a new stake in shares of John Hancock Multifactor Developed International ETF during the third quarter valued at approximately $120,000. Zacks Investment Management bought a new position in shares of John Hancock Multifactor Developed International ETF in the third quarter worth approximately $210,000. Merit Financial Group LLC increased its stake in shares of John Hancock Multifactor Developed International ETF by 1.2% in the fourth quarter. Merit Financial Group LLC now owns 450,167 shares of the company’s stock worth $14,437,000 after buying an additional 5,253 shares during the period. Finally, Magnus Financial Group LLC raised its holdings in John Hancock Multifactor Developed International ETF by 2.8% during the 4th quarter. Magnus Financial Group LLC now owns 306,441 shares of the company’s stock valued at $9,828,000 after buying an additional 8,317 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.