NewEdge Advisors LLC Acquires 116,590 Shares of Small/Mid Cap Growth Alpha ETF $JSMD

NewEdge Advisors LLC increased its holdings in shares of Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) by 253.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,525 shares of the company’s stock after purchasing an additional 116,590 shares during the quarter. NewEdge Advisors LLC owned approximately 1.43% of Small/Mid Cap Growth Alpha ETF worth $16,454,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in JSMD. Triumph Capital Management acquired a new stake in Small/Mid Cap Growth Alpha ETF in the 3rd quarter valued at $59,000. Global Retirement Partners LLC grew its holdings in shares of Small/Mid Cap Growth Alpha ETF by 27.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,150 shares of the company’s stock valued at $94,000 after acquiring an additional 250 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Small/Mid Cap Growth Alpha ETF in the 4th quarter valued at about $184,000. Pacific Wealth Strategies Group Inc. bought a new position in shares of Small/Mid Cap Growth Alpha ETF in the 1st quarter valued at about $274,000. Finally, MML Investors Services LLC increased its position in shares of Small/Mid Cap Growth Alpha ETF by 29.5% in the fourth quarter. MML Investors Services LLC now owns 4,757 shares of the company’s stock valued at $388,000 after acquiring an additional 1,085 shares during the last quarter.

Small/Mid Cap Growth Alpha ETF Stock Performance

JSMD opened at $90.81 on Friday. Small/Mid Cap Growth Alpha ETF has a 52-week low of $75.30 and a 52-week high of $101.70. The firm has a market capitalization of $1.03 billion, a PE ratio of 19.08 and a beta of 1.15. The business’s 50-day simple moving average is $95.12 and its 200 day simple moving average is $91.04.

Small/Mid Cap Growth Alpha ETF Increases Dividend

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

Small/Mid Cap Growth Alpha ETF Company Profile

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.