John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Hits New 52-Week Low – What’s Next?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $30.98 and last traded at $30.98, with a volume of 7691 shares trading hands. The stock had previously closed at $32.21.

John Hancock Multifactor Developed International ETF Stock Performance

The stock has a fifty day moving average price of $34.78 and a 200 day moving average price of $33.95. The stock has a market cap of $600.89 million, a PE ratio of 15.31 and a beta of 0.85.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. LPL Financial LLC grew its holdings in John Hancock Multifactor Developed International ETF by 4.7% during the 4th quarter. LPL Financial LLC now owns 1,351,370 shares of the company’s stock valued at $43,338,000 after purchasing an additional 60,242 shares during the last quarter. Evensky & Katz LLC grew its holdings in shares of John Hancock Multifactor Developed International ETF by 0.6% in the fourth quarter. Evensky & Katz LLC now owns 980,849 shares of the company’s stock worth $31,456,000 after purchasing an additional 5,677 shares during the last quarter. Raymond James Financial Inc. bought a new stake in John Hancock Multifactor Developed International ETF during the 4th quarter valued at about $23,481,000. Merit Financial Group LLC grew its stake in John Hancock Multifactor Developed International ETF by 1.2% in the 4th quarter. Merit Financial Group LLC now owns 450,167 shares of the company’s stock worth $14,437,000 after acquiring an additional 5,253 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of John Hancock Multifactor Developed International ETF by 8.4% during the fourth quarter. Wells Fargo & Company MN now owns 449,988 shares of the company’s stock worth $14,431,000 after acquiring an additional 34,863 shares during the period.

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.