Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sets New 52-Week High – Should You Buy?

Shares of Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $94.93 and last traded at $94.93, with a volume of 10112 shares changing hands. The stock had previously closed at $93.19.

Small/Mid Cap Growth Alpha ETF Stock Up 2.1%

The firm has a market cap of $1.01 billion, a P/E ratio of 19.08 and a beta of 1.15. The business has a fifty day moving average of $86.02 and a 200 day moving average of $84.72.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JSMD. Western Wealth Management LLC acquired a new stake in Small/Mid Cap Growth Alpha ETF during the 1st quarter valued at $1,237,000. Royal Bank of Canada increased its holdings in shares of 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 valued at $35,544,000 after purchasing an additional 111,196 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Small/Mid Cap Growth Alpha ETF by 3.2% in the first quarter. Cetera Investment Advisers now owns 48,050 shares of the company’s stock valued at $3,813,000 after purchasing an additional 1,473 shares during the period. Pacific Wealth Strategies Group Inc. bought a new position in shares of Small/Mid Cap Growth Alpha ETF in the first quarter valued at about $274,000. Finally, D.A. Davidson & CO. lifted its stake in shares of Small/Mid Cap Growth Alpha ETF by 104.3% during the 1st quarter. D.A. Davidson & CO. now owns 81,889 shares of the company’s stock worth $6,498,000 after buying an additional 41,810 shares during the last quarter.

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.