Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sees Strong Trading Volume – Here’s Why

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) saw an uptick in trading volume on Monday . Approximately 49,940 shares were traded during trading, a decline of 37% from the previous session’s volume of 78,988 shares.The stock last traded at $96.33 and had previously closed at $96.73.

Small/Mid Cap Growth Alpha ETF Price Performance

The stock has a market capitalization of $1.09 billion, a PE ratio of 19.08 and a beta of 1.15. The business’s fifty day moving average price is $96.30 and its 200-day moving average price is $89.66.

Small/Mid Cap Growth Alpha ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th were issued a dividend of $0.0819 per share. This is a boost from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.33 dividend on an annualized basis and a yield of 0.3%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Triumph Capital Management bought a new stake in Small/Mid Cap Growth Alpha ETF during the third quarter valued at $59,000. Global Retirement Partners LLC boosted its position in shares of Small/Mid Cap Growth Alpha ETF by 27.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,150 shares of the company’s stock valued at $94,000 after acquiring an additional 250 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Small/Mid Cap Growth Alpha ETF during the fourth quarter worth about $184,000. Pacific Wealth Strategies Group Inc. purchased a new position in shares of Small/Mid Cap Growth Alpha ETF during the first quarter worth about $274,000. Finally, Sigma Planning Corp bought a new position in shares of Small/Mid Cap Growth Alpha ETF in the fourth quarter worth approximately $319,000.

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.