Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sets New 12-Month High – Here’s What Happened

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD)’s share price reached a new 52-week high during 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 0.4%

The firm has a market capitalization of $1.02 billion, a PE ratio of 19.08 and a beta of 1.15. The stock has a 50-day moving average price of $86.69 and a 200 day moving average price of $84.89.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JSMD. LPL Financial LLC increased its position in shares of Small/Mid Cap Growth Alpha ETF by 4.4% during the fourth quarter. LPL Financial LLC now owns 776,705 shares of the company’s stock worth $63,348,000 after purchasing an additional 32,489 shares in the last quarter. Royal Bank of Canada increased its position in shares of 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 purchasing an additional 111,196 shares in the last quarter. Mars Jewett Financial Group Inc. purchased a new stake in shares of Small/Mid Cap Growth Alpha ETF during the fourth quarter worth approximately $32,923,000. Leelyn Smith LLC increased its position in shares of Small/Mid Cap Growth Alpha ETF by 2.5% during the first quarter. Leelyn Smith LLC now owns 370,443 shares of the company’s stock worth $29,395,000 after purchasing an additional 8,998 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Small/Mid Cap Growth Alpha ETF by 2.2% during the second quarter. Raymond James Financial Inc. now owns 296,929 shares of the company’s stock worth $23,057,000 after purchasing an additional 6,264 shares in 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.