Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Hits New 52-Week High – Here’s Why

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $99.45 and last traded at $98.84, with a volume of 8649 shares changing hands. The stock had previously closed at $98.03.

Small/Mid Cap Growth Alpha ETF Trading Down 1.7%

The business’s fifty day simple moving average is $92.70 and its 200-day simple moving average is $86.77. The firm has a market cap of $1.03 billion, a P/E ratio of 19.08 and a beta of 1.15.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.0786 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.31 annualized dividend and a dividend yield of 0.3%.

Institutional Trading of Small/Mid Cap Growth Alpha ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new position in Small/Mid Cap Growth Alpha ETF during the 1st quarter valued at $1,237,000. Southern Financial Group LLC raised its holdings in Small/Mid Cap Growth Alpha ETF by 1.6% in the 1st quarter. Southern Financial Group LLC now owns 439,275 shares of the company’s stock worth $34,856,000 after purchasing an additional 6,789 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Small/Mid Cap Growth Alpha ETF by 886.2% in the 1st quarter. NewEdge Advisors LLC now owns 45,935 shares of the company’s stock worth $3,645,000 after purchasing an additional 41,277 shares during the period. Royal Bank of Canada lifted its position in shares of Small/Mid Cap Growth Alpha ETF by 33.0% in the 1st quarter. Royal Bank of Canada now owns 447,934 shares of the company’s stock worth $35,544,000 after purchasing an additional 111,196 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Small/Mid Cap Growth Alpha ETF by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 48,050 shares of the company’s stock worth $3,813,000 after purchasing an additional 1,473 shares during the period.

Small/Mid Cap Growth Alpha ETF Company Profile

The Janus Henderson Small\u002FMid Cap Growth Alpha ETF (JSMD) is an exchange-traded fund that is based on the Janus Small Mid Cap Growth Alpha index. The fund tracks an index of US small- and mid-cap stocks with strong fundamental measures of growth, profitability and capital efficiency. Weighting relies on the actively-managed Janus Triton Fund. JSMD was launched on Feb 25, 2016 and is managed by Janus Henderson.