Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Hits New 1-Year High Following Dividend Announcement

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) shares hit a new 52-week high on Monday after the company announced a dividend. The stock traded as high as $99.72 and last traded at $99.72, with a volume of 35291 shares traded. The stock had previously closed at $97.77.

The newly announced dividend which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th will be paid a $0.0819 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.33 annualized dividend and a yield of 0.3%. This is an increase from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08.

Small/Mid Cap Growth Alpha ETF Trading Down 0.4%

The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.08 and a beta of 1.15. The stock has a 50-day simple moving average of $93.83 and a 200 day simple moving average of $87.31.

Institutional Investors Weigh In On Small/Mid Cap Growth Alpha ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new position in shares of Small/Mid Cap Growth Alpha ETF during the 3rd quarter valued at $59,000. Trust Co. of Vermont acquired a new stake in Small/Mid Cap Growth Alpha ETF during the fourth quarter valued at $59,000. Global Retirement Partners LLC grew its stake in Small/Mid Cap Growth Alpha ETF by 27.8% in the fourth 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. International Assets Investment Management LLC purchased a new position in Small/Mid Cap Growth Alpha ETF in the fourth quarter valued at about $184,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Small/Mid Cap Growth Alpha ETF in the 4th quarter worth about $207,000.

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.