Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sees Strong Trading Volume – Time to Buy?

Shares of Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) saw an uptick in trading volume on Wednesday . 51,284 shares were traded during trading, a decline of 27% from the previous session’s volume of 70,142 shares.The stock last traded at $80.67 and had previously closed at $80.80.

Small/Mid Cap Growth Alpha ETF Price Performance

The firm’s 50 day moving average price is $85.26 and its two-hundred day moving average price is $83.97. The stock has a market cap of $787.02 million, a PE ratio of 19.08 and a beta of 1.11.

Small/Mid Cap Growth Alpha ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 19th were paid a $0.1241 dividend. The ex-dividend date was Friday, December 19th. This represents a $0.50 dividend on an annualized basis and a yield of 0.6%. This is a positive change from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.12.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. lifted its position in shares of Small/Mid Cap Growth Alpha ETF by 419.7% during the third quarter. Assetmark Inc. now owns 343 shares of the company’s stock worth $29,000 after acquiring 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 third quarter valued at $59,000. Trust Co. of Vermont bought a new stake in shares of Small/Mid Cap Growth Alpha ETF during the 4th quarter valued at $59,000. Global Retirement Partners LLC raised its stake in shares of Small/Mid Cap Growth Alpha ETF by 27.8% during 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 during the period. Finally, International Assets Investment Management LLC purchased a new stake in Small/Mid Cap Growth Alpha ETF during the 4th quarter worth about $184,000.

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.