John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Unusually-High Trading Volume – Still a Buy?

Shares of John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw an uptick in trading volume on Wednesday . 222,939 shares changed hands during trading, an increase of 162% from the previous session’s volume of 85,187 shares.The stock last traded at $40.1350 and had previously closed at $39.91.

John Hancock Multifactor Developed International ETF Stock Up 0.6%

The stock has a 50 day moving average price of $40.00 and a two-hundred day moving average price of $38.68. The company has a market cap of $814.84 million, a P/E ratio of 14.46 and a beta of 0.81.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Several hedge funds have recently modified their holdings of JHMD. Flow Traders U.S. LLC lifted its holdings in John Hancock Multifactor Developed International ETF by 133.9% during the 1st quarter. Flow Traders U.S. LLC now owns 554,453 shares of the company’s stock worth $19,378,000 after buying an additional 317,425 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of John Hancock Multifactor Developed International ETF in the 2nd quarter worth approximately $12,146,000. The Manufacturers Life Insurance Company boosted its stake in shares of John Hancock Multifactor Developed International ETF by 3.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 9,542,406 shares of the company’s stock worth $333,507,000 after buying an additional 308,245 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of John Hancock Multifactor Developed International ETF by 53.8% in the 2nd quarter. Bank of America Corp DE now owns 723,022 shares of the company’s stock worth $27,670,000 after buying an additional 252,988 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its stake in John Hancock Multifactor Developed International ETF by 311.5% in the second quarter. Simplicity Wealth LLC now owns 213,746 shares of the company’s stock valued at $8,180,000 after purchasing an additional 161,803 shares during 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.