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

John Hancock Multifactor Developed International ETF (NYSEARCA:JHMD) shares saw strong trading volume on Tuesday . 451,516 shares changed hands during trading, an increase of 305% from the previous session’s volume of 111,365 shares.The stock last traded at $34.88 and had previously closed at $34.70.

John Hancock Multifactor Developed International ETF Trading Up 0.5 %

The firm has a market cap of $672.80 million, a price-to-earnings ratio of 15.42 and a beta of 0.86. The company has a 50 day moving average of $32.99 and a 200 day moving average of $33.69.

Institutional Trading of John Hancock Multifactor Developed International ETF

Hedge funds have recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC bought a new position in John Hancock Multifactor Developed International ETF during the 3rd quarter worth about $209,000. Stratos Wealth Partners LTD. increased its holdings in John Hancock Multifactor Developed International ETF by 7.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,749 shares of the company’s stock worth $537,000 after purchasing an additional 1,198 shares in the last quarter. Raymond James & Associates increased its holdings in John Hancock Multifactor Developed International ETF by 9.8% during the 3rd quarter. Raymond James & Associates now owns 66,557 shares of the company’s stock worth $2,353,000 after purchasing an additional 5,946 shares in the last quarter. FFG Retirement Advisors LLC increased its holdings in John Hancock Multifactor Developed International ETF by 2.2% during the 3rd quarter. FFG Retirement Advisors LLC now owns 83,140 shares of the company’s stock worth $2,940,000 after purchasing an additional 1,811 shares in the last quarter. Finally, First Horizon Advisors Inc. bought a new position in John Hancock Multifactor Developed International ETF during the 3rd quarter worth about $120,000.

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.