Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sees Large Volume Increase – Here’s Why

Shares of Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) saw an uptick in trading volume on Wednesday . 163,947 shares traded hands during mid-day trading, an increase of 119% from the previous session’s volume of 74,974 shares.The stock last traded at $90.8740 and had previously closed at $89.91.

Small/Mid Cap Growth Alpha ETF Stock Up 1.1%

The stock has a market cap of $1.05 billion, a P/E ratio of 19.08 and a beta of 1.15. The business’s 50-day simple moving average is $94.67 and its two-hundred day simple moving average is $91.15.

Small/Mid Cap Growth Alpha ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th were paid a $0.0819 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.33 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08.

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

Several institutional investors have recently made changes to their positions in the stock. Peapack Gladstone Financial Corp grew its stake in Small/Mid Cap Growth Alpha ETF by 52.1% during the fourth quarter. Peapack Gladstone Financial Corp now owns 47,806 shares of the company’s stock valued at $3,899,000 after acquiring an additional 16,382 shares in the last quarter. Blue Jean Financial LLC purchased a new stake in Small/Mid Cap Growth Alpha ETF in the 4th quarter worth approximately $1,437,000. Flaharty Asset Management LLC bought a new position in Small/Mid Cap Growth Alpha ETF in the 4th quarter valued at $6,761,000. Thrivent Financial for Lutherans boosted its holdings in Small/Mid Cap Growth Alpha ETF by 8.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 201,148 shares of the company’s stock valued at $16,406,000 after purchasing an additional 16,356 shares during the period. Finally, Fifth Third Bancorp bought a new position in Small/Mid Cap Growth Alpha ETF in the 1st quarter valued at $753,000.

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.