John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Stock Breaks Above Two Hundred Day Moving Average – Here’s Why

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $44.55 and traded as high as $44.69. John Hancock Multifactor Developed International ETF shares last traded at $44.65, with a volume of 58,851 shares traded.

John Hancock Multifactor Developed International ETF Stock Up 0.8%

The firm’s 50-day moving average price is $45.12 and its two-hundred day moving average price is $44.55. The firm has a market capitalization of $1.00 billion, a PE ratio of 14.46 and a beta of 0.75.

Hedge Funds Weigh In On John Hancock Multifactor Developed International ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Evensky & Katz LLC acquired a new stake in John Hancock Multifactor Developed International ETF during the 3rd quarter valued at $32,477,000. Simplicity Wealth LLC lifted its holdings in shares of John Hancock Multifactor Developed International ETF by 72.9% in the third quarter. Simplicity Wealth LLC now owns 625,257 shares of the company’s stock valued at $27,730,000 after purchasing an additional 263,585 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of John Hancock Multifactor Developed International ETF by 0.5% in the second quarter. Envestnet Asset Management Inc. now owns 563,783 shares of the company’s stock worth $25,038,000 after buying an additional 2,615 shares during the period. Magnus Financial Group LLC boosted its position in shares of John Hancock Multifactor Developed International ETF by 0.9% in the third quarter. Magnus Financial Group LLC now owns 338,287 shares of the company’s stock worth $15,003,000 after buying an additional 3,009 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of John Hancock Multifactor Developed International ETF by 35.3% in the first quarter. Royal Bank of Canada now owns 200,313 shares of the company’s stock worth $8,487,000 after buying an additional 52,226 shares during the period.

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.