Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Hits New 52-Week High – Still a Buy?

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) reached a new 52-week high on Monday . The stock traded as high as $99.72 and last traded at $99.72, with a volume of 35291 shares. The stock had previously closed at $97.77.

Small/Mid Cap Growth Alpha ETF Stock Performance

The firm’s 50 day simple moving average is $93.35 and its 200-day simple moving average is $87.08. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 19.08 and a beta of 1.15.

Institutional Investors Weigh In On Small/Mid Cap Growth Alpha ETF

Several hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new position in Small/Mid Cap Growth Alpha ETF during the 1st quarter valued at about $1,237,000. Southern Financial Group LLC boosted its holdings in shares of Small/Mid Cap Growth Alpha ETF by 1.6% during the first 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 during the period. NewEdge Advisors LLC grew its position in Small/Mid Cap Growth Alpha ETF by 886.2% during the first quarter. NewEdge Advisors LLC now owns 45,935 shares of the company’s stock valued at $3,645,000 after purchasing an additional 41,277 shares in the last quarter. Royal Bank of Canada increased its stake in 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 valued at $35,544,000 after buying an additional 111,196 shares during the period. Finally, Cetera Investment Advisers lifted its position in 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 buying an additional 1,473 shares in the last quarter.

About Small/Mid Cap Growth Alpha ETF

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.