Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Hits New 1-Year High – Time to Buy?

Shares of Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $93.73 and last traded at $93.46, with a volume of 49239 shares trading hands. The stock had previously closed at $92.46.

Small/Mid Cap Growth Alpha ETF Stock Up 0.8%

The business’s 50 day moving average is $83.78 and its 200 day moving average is $84.03. The company has a market cap of $990.40 million, 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 disclosed a quarterly dividend, which was paid on Tuesday, April 7th. Investors of record on Tuesday, March 31st were paid a dividend of $0.0786 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, March 31st.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in JSMD. Royal Bank of Canada lifted its position in shares of Small/Mid Cap Growth Alpha ETF by 17.4% during the first quarter. Royal Bank of Canada now owns 118,522 shares of the company’s stock valued at $8,295,000 after buying an additional 17,590 shares during the last quarter. Jane Street Group LLC grew its position in shares of Small/Mid Cap Growth Alpha ETF by 19.0% in the 1st quarter. Jane Street Group LLC now owns 14,913 shares of the company’s stock worth $1,044,000 after buying an additional 2,384 shares during the last quarter. Peapack Gladstone Financial Corp raised its stake in shares of Small/Mid Cap Growth Alpha ETF by 682.9% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 23,339 shares of the company’s stock worth $1,812,000 after acquiring an additional 20,358 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Small/Mid Cap Growth Alpha ETF by 2.2% during the 2nd quarter. Raymond James Financial Inc. now owns 296,929 shares of the company’s stock worth $23,057,000 after acquiring an additional 6,264 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in 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 valued at $10,877,000 after acquiring an additional 63,532 shares during 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.