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

Shares of John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw unusually-high trading volume on Monday . Approximately 70,485 shares were traded during trading, a decline of 2% from the previous session’s volume of 71,605 shares.The stock last traded at $34.64 and had previously closed at $34.84.

John Hancock Multifactor Developed International ETF Stock Down 1.0 %

The company has a market capitalization of $637.88 million, a price-to-earnings ratio of 14.21 and a beta of 0.79. The company has a 50-day moving average price of $34.73 and a 200-day moving average price of $33.81.

Institutional Investors Weigh In On John Hancock Multifactor Developed International ETF

Hedge funds have recently modified their holdings of the business. Rialto Wealth Management LLC acquired a new position in shares of John Hancock Multifactor Developed International ETF in the 4th quarter valued at $94,000. JPMorgan Chase & Co. lifted its position in shares of John Hancock Multifactor Developed International ETF by 220.1% during the 4th quarter. JPMorgan Chase & Co. now owns 6,722 shares of the company’s stock worth $216,000 after buying an additional 4,622 shares during the period. Principal Securities Inc. boosted its stake in John Hancock Multifactor Developed International ETF by 12.0% in the 4th quarter. Principal Securities Inc. now owns 8,031 shares of the company’s stock valued at $258,000 after buying an additional 859 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in John Hancock Multifactor Developed International ETF by 7.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 16,749 shares of the company’s stock valued at $537,000 after acquiring an additional 1,198 shares during the period. Finally, CoreCap Advisors LLC bought a new position in shares of John Hancock Multifactor Developed International ETF during the fourth quarter valued at $558,000.

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.