Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sees Large Volume Increase – Still a Buy?

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) saw unusually-high trading volume on Wednesday . 163,947 shares traded hands 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 Up 1.1%

The firm has a market capitalization of $1.05 billion, a PE ratio of 19.08 and a beta of 1.15. The company has a 50-day moving average of $94.67 and a 200 day moving average of $91.15.

Small/Mid Cap Growth Alpha ETF Increases Dividend

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

Institutional Trading of Small/Mid Cap Growth Alpha ETF

Several institutional investors and hedge funds have recently made changes to their positions in JSMD. Royal Bank of Canada grew its position in Small/Mid Cap Growth Alpha ETF by 33.0% in the first quarter. Royal Bank of Canada now owns 447,934 shares of the company’s stock worth $35,544,000 after acquiring an additional 111,196 shares in the last quarter. Southern Financial Group LLC increased its stake in Small/Mid Cap Growth Alpha ETF by 1.6% in the first quarter. Southern Financial Group LLC now owns 439,275 shares of the company’s stock valued at $34,856,000 after acquiring an additional 6,789 shares during the last quarter. Leelyn Smith LLC raised its position in Small/Mid Cap Growth Alpha ETF by 2.5% during the first quarter. Leelyn Smith LLC now owns 370,443 shares of the company’s stock valued at $29,395,000 after purchasing an additional 8,998 shares in the last quarter. Rise Advisors LLC raised its position in Small/Mid Cap Growth Alpha ETF by 34.1% during the second quarter. Rise Advisors LLC now owns 257,207 shares of the company’s stock valued at $26,039,000 after purchasing an additional 65,445 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its stake in Small/Mid Cap Growth Alpha ETF by 4.8% during the first quarter. Resonant Capital Advisors LLC now owns 253,148 shares of the company’s stock worth $20,107,000 after purchasing an additional 11,658 shares during the last quarter.

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.