Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Hits New 52-Week High – Here’s Why

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

Small/Mid Cap Growth Alpha ETF Price Performance

The company has a market capitalization of $1.03 billion, a PE ratio of 19.08 and a beta of 1.15. The company’s 50 day simple moving average is $91.25 and its 200 day simple moving average is $86.25.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

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

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

Hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. increased its stake in Small/Mid Cap Growth Alpha ETF by 419.7% in the third quarter. Assetmark Inc. now owns 343 shares of the company’s stock valued at $29,000 after purchasing an additional 277 shares during the last quarter. Triumph Capital Management purchased a new position in Small/Mid Cap Growth Alpha ETF in the third quarter valued at approximately $59,000. Trust Co. of Vermont purchased a new position in Small/Mid Cap Growth Alpha ETF in the fourth quarter valued at approximately $59,000. Global Retirement Partners LLC increased its stake in 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 valued at $94,000 after purchasing an additional 250 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Small/Mid Cap Growth Alpha ETF in the fourth quarter valued at approximately $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.