John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) Sees Large Volume Increase – Here’s What Happened

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) saw unusually-strong trading volume on Monday . Approximately 817,013 shares traded hands during trading, an increase of 482% from the previous session’s volume of 140,413 shares.The stock last traded at $45.00 and had previously closed at $45.06.

John Hancock Multifactor Developed International ETF Stock Performance

The stock has a market cap of $941.96 million, a PE ratio of 14.46 and a beta of 0.75. The company’s 50-day moving average price is $43.46 and its 200 day moving average price is $42.71.

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 business. D.A. Davidson & CO. increased its holdings in John Hancock Multifactor Developed International ETF by 15.6% in the 1st quarter. D.A. Davidson & CO. now owns 46,140 shares of the company’s stock worth $1,955,000 after acquiring an additional 6,227 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in John Hancock Multifactor Developed International ETF by 12.1% in the 1st quarter. Sanctuary Advisors LLC now owns 21,578 shares of the company’s stock worth $914,000 after acquiring an additional 2,327 shares in the last quarter. Fifth Third Bancorp purchased a new stake in John Hancock Multifactor Developed International ETF in the 1st quarter worth approximately $293,000. Simplicity Wealth LLC increased its holdings in John Hancock Multifactor Developed International ETF by 31.7% in the 1st quarter. Simplicity Wealth LLC now owns 316,683 shares of the company’s stock worth $13,418,000 after acquiring an additional 76,140 shares in the last quarter. Finally, World Investment Advisors purchased a new stake in John Hancock Multifactor Developed International ETF in the 1st quarter worth approximately $418,000.

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.