Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Hits New 52-Week High After Dividend Announcement

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

The newly announced dividend which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.0819 per share. This is an increase from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 0.3%.

Small/Mid Cap Growth Alpha ETF Stock Down 0.7%

The firm has a 50 day moving average of $93.83 and a two-hundred day moving average of $87.31. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.08 and a beta of 1.15.

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

A number of hedge funds have recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in shares of Small/Mid Cap Growth Alpha ETF during the third quarter worth $59,000. Trust Co. of Vermont acquired a new stake in shares of Small/Mid Cap Growth Alpha ETF during the 4th quarter valued at $59,000. Global Retirement Partners LLC grew its position in 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 worth $94,000 after acquiring an additional 250 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Small/Mid Cap Growth Alpha ETF in the 4th quarter worth about $184,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Small/Mid Cap Growth Alpha ETF in the 4th quarter worth about $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.