Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sees Strong Trading Volume – What’s Next?

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) saw strong trading volume on Wednesday . Approximately 163,947 shares were traded during mid-day trading, an increase of 119% from the previous session’s volume of 74,974 shares.The stock last traded at $90.8740 and had previously closed at $89.91.

Small/Mid Cap Growth Alpha ETF Stock Performance

The stock has a market cap of $1.03 billion, a PE ratio of 19.08 and a beta of 1.15. The business has a 50 day moving average price of $94.39 and a two-hundred day moving average price of $91.21.

Small/Mid Cap Growth Alpha ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.0819 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.33 annualized dividend and a dividend yield of 0.4%. This is a boost from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in JSMD. Sanctuary Advisors LLC lifted its stake in shares of Small/Mid Cap Growth Alpha ETF by 2.1% during the 1st quarter. Sanctuary Advisors LLC now owns 6,001 shares of the company’s stock valued at $476,000 after buying an additional 125 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Small/Mid Cap Growth Alpha ETF by 1.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 14,750 shares of the company’s stock valued at $1,203,000 after acquiring an additional 197 shares during the period. Global Retirement Partners LLC lifted its position in shares of Small/Mid Cap Growth Alpha ETF by 27.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,150 shares of the company’s stock worth $94,000 after acquiring an additional 250 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Small/Mid Cap Growth Alpha ETF during the second quarter worth $51,000. Finally, Horizon Advisory Services Inc. boosted its holdings in shares of Small/Mid Cap Growth Alpha ETF by 12.1% in the first quarter. Horizon Advisory Services Inc. now owns 7,864 shares of the company’s stock worth $624,000 after acquiring an additional 850 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.