Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sees Strong Trading Volume – Should You Buy?

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) saw strong trading volume on Monday . 168,648 shares changed hands during trading, an increase of 300% from the previous session’s volume of 42,174 shares.The stock last traded at $81.0550 and had previously closed at $79.46.

Small/Mid Cap Growth Alpha ETF Trading Up 2.1%

The firm has a market capitalization of $726.11 million, a PE ratio of 19.08 and a beta of 1.11. The business has a 50 day moving average price of $83.24 and a 200-day moving average price of $80.04.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Tuesday, September 30th were issued a $0.122 dividend. This represents a $0.49 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 30th.

Hedge Funds Weigh In On Small/Mid Cap Growth Alpha ETF

A number of institutional investors have recently bought and sold shares of JSMD. Thrivent Financial for Lutherans acquired a new stake in Small/Mid Cap Growth Alpha ETF in the 3rd quarter worth approximately $15,451,000. Rise Advisors LLC acquired a new stake in Small/Mid Cap Growth Alpha ETF in the 3rd quarter valued at approximately $13,994,000. Systelligence LLC bought a new position in shares of Small/Mid Cap Growth Alpha ETF in the second quarter valued at $8,652,000. Envestnet Asset Management Inc. boosted its holdings in shares of Small/Mid Cap Growth Alpha ETF by 519.7% during the second quarter. Envestnet Asset Management Inc. now owns 125,376 shares of the company’s stock worth $9,735,000 after acquiring an additional 105,143 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Small/Mid Cap Growth Alpha ETF by 83.0% in the second quarter. Ameriprise Financial Inc. now owns 140,075 shares of the company’s stock worth $10,877,000 after purchasing an additional 63,532 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.