Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) Sets New 12-Month High – Still a Buy?

Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $93.73 and last traded at $93.46, with a volume of 49239 shares trading hands. The stock had previously closed at $92.46.

Small/Mid Cap Growth Alpha ETF Trading Up 0.8%

The stock has a 50 day moving average of $83.78 and a 200-day moving average of $84.03. The company has a market capitalization of $990.40 million, a P/E ratio of 19.08 and a beta of 1.15.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

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

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

Several institutional investors have recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in Small/Mid Cap Growth Alpha ETF by 419.7% during the 3rd quarter. Assetmark Inc. now owns 343 shares of the company’s stock valued at $29,000 after buying an additional 277 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Small/Mid Cap Growth Alpha ETF in the third quarter valued at about $59,000. Trust Co. of Vermont purchased a new stake in Small/Mid Cap Growth Alpha ETF in the fourth quarter worth about $59,000. Global Retirement Partners LLC grew its holdings 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 in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Small/Mid Cap Growth Alpha ETF during the 4th quarter worth about $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.