Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Hits New 1-Year High – Here’s Why

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

Small/Mid Cap Growth Alpha ETF Stock Up 1.8%

The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 19.08 and a beta of 1.15. The company’s 50-day simple moving average is $93.35 and its 200-day simple moving average is $87.08.

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

A number of hedge funds have recently modified their holdings of the stock. Triumph Capital Management purchased a new stake in shares of Small/Mid Cap Growth Alpha ETF during the third quarter valued at $59,000. Trust Co. of Vermont purchased a new stake in Small/Mid Cap Growth Alpha ETF during the fourth quarter valued at about $59,000. Global Retirement Partners LLC boosted its holdings in shares of 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 worth $94,000 after buying an additional 250 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Small/Mid Cap Growth Alpha ETF in the fourth quarter worth about $184,000. Finally, Redhawk Wealth Advisors Inc. purchased a new position in shares of Small/Mid Cap Growth Alpha ETF in the fourth quarter worth approximately $207,000.

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.