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

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

Small/Mid Cap Growth Alpha ETF Trading Up 0.1%

The business’s fifty day moving average price is $92.18 and its two-hundred day moving average price is $86.56. The firm has a market cap of $1.04 billion, a P/E ratio of 19.08 and a beta of 1.15.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

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

Institutional Trading of Small/Mid Cap Growth Alpha ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mars Jewett Financial Group Inc. bought a new stake in Small/Mid Cap Growth Alpha ETF during the fourth quarter valued at about $32,923,000. Royal Bank of Canada increased its position 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 worth $35,544,000 after buying an additional 111,196 shares during the period. Flaharty Asset Management LLC acquired a new position in shares of Small/Mid Cap Growth Alpha ETF during the fourth quarter worth approximately $6,761,000. &PARTNERS lifted its holdings in shares of Small/Mid Cap Growth Alpha ETF by 83.8% during the fourth quarter. &PARTNERS now owns 169,645 shares of the company’s stock worth $13,707,000 after buying an additional 77,347 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Small/Mid Cap Growth Alpha ETF by 83.0% during the second quarter. Ameriprise Financial Inc. now owns 140,075 shares of the company’s stock worth $10,877,000 after buying an additional 63,532 shares during the last quarter.

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.