Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Reaches New 1-Year High – Should You Buy?

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $98.44 and last traded at $97.55, with a volume of 11446 shares. The stock had previously closed at $96.18.

Small/Mid Cap Growth Alpha ETF Price Performance

The company has a market cap of $1.04 billion, a price-to-earnings ratio of 19.08 and a beta of 1.15. The business’s fifty day moving average price is $90.60 and its 200 day moving average price is $86.05.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.0786 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, March 31st.

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

A number of hedge funds have recently modified their holdings of JSMD. Mars Jewett Financial Group Inc. acquired a new position in shares of Small/Mid Cap Growth Alpha ETF during the fourth quarter worth $32,923,000. Royal Bank of Canada raised its stake in Small/Mid Cap Growth Alpha ETF by 33.0% during the first quarter. Royal Bank of Canada now owns 447,934 shares of the company’s stock worth $35,544,000 after buying an additional 111,196 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Small/Mid Cap Growth Alpha ETF by 79.6% during the third quarter. Envestnet Asset Management Inc. now owns 225,128 shares of the company’s stock worth $18,824,000 after buying an additional 99,752 shares during the last quarter. Flaharty Asset Management LLC bought a new position in Small/Mid Cap Growth Alpha ETF during the fourth quarter worth $6,761,000. Finally, &PARTNERS raised its stake in Small/Mid Cap Growth Alpha ETF by 83.8% during the fourth quarter. &PARTNERS now owns 169,645 shares of the company’s stock worth $13,707,000 after buying an additional 77,347 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.