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

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) reached a new 52-week high on Tuesday . The company traded as high as $91.00 and last traded at $90.85, with a volume of 35270 shares trading hands. The stock had previously closed at $88.86.

Small/Mid Cap Growth Alpha ETF Stock Performance

The stock has a 50 day simple moving average of $83.40 and a two-hundred day simple moving average of $83.85. The firm has a market cap of $970.20 million, a PE 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. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.0786 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.3%.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. increased its stake in shares of Small/Mid Cap Growth Alpha ETF by 419.7% in the 3rd quarter. Assetmark Inc. now owns 343 shares of the company’s stock valued at $29,000 after purchasing an additional 277 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Small/Mid Cap Growth Alpha ETF in the 3rd quarter valued at about $59,000. Trust Co. of Vermont purchased a new position in shares of Small/Mid Cap Growth Alpha ETF in the 4th quarter valued at about $59,000. Global Retirement Partners LLC increased its stake in shares of Small/Mid Cap Growth Alpha ETF by 27.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,150 shares of the company’s stock valued at $94,000 after purchasing an additional 250 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Small/Mid Cap Growth Alpha ETF in the 4th quarter valued at about $184,000.

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.