John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Hits New 12-Month High – What’s Next?

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $35.96 and last traded at $35.96, with a volume of 60641 shares changing hands. The stock had previously closed at $35.17.

John Hancock Multifactor Developed International ETF Price Performance

The stock has a market capitalization of $692.68 million, a price-to-earnings ratio of 15.42 and a beta of 0.86. The stock’s 50 day simple moving average is $33.41 and its 200-day simple moving average is $33.84.

Hedge Funds Weigh In On John Hancock Multifactor Developed International ETF

A number of institutional investors have recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of 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 worth $43,338,000 after purchasing an additional 60,242 shares during the last quarter. Evensky & Katz LLC increased its position in John Hancock Multifactor Developed International ETF by 0.6% in the 4th quarter. Evensky & Katz LLC now owns 980,849 shares of the company’s stock worth $31,456,000 after buying an additional 5,677 shares during the period. Raymond James Financial Inc. acquired a new position in shares of John Hancock Multifactor Developed International ETF during the fourth quarter worth approximately $23,481,000. Merit Financial Group LLC lifted its holdings in shares of John Hancock Multifactor Developed International ETF by 1.2% during 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 last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of John Hancock Multifactor Developed International ETF by 8.4% in the fourth quarter. Wells Fargo & Company MN now owns 449,988 shares of the company’s stock valued at $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.