Focused Alpha LLC lifted its stake in shares of Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD – Free Report) by 171.6% in the third quarter, Holdings Channel reports. The firm owned 26,833 shares of the company’s stock after buying an additional 16,954 shares during the period. Focused Alpha LLC’s holdings in Small/Mid Cap Growth Alpha ETF were worth $2,396,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in Small/Mid Cap Growth Alpha ETF in the 1st quarter worth about $753,000. NewEdge Advisors LLC increased its stake in Small/Mid Cap Growth Alpha ETF by 253.8% during the 2nd quarter. NewEdge Advisors LLC now owns 162,525 shares of the company’s stock worth $16,454,000 after buying an additional 116,590 shares in the last quarter. Leelyn Smith LLC raised its holdings 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 valued at $29,395,000 after acquiring an additional 8,998 shares during the last quarter. Royal Bank of Canada raised its holdings 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 valued at $35,544,000 after acquiring an additional 111,196 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Small/Mid Cap Growth Alpha ETF by 18.5% during the first quarter. Janney Montgomery Scott LLC now owns 83,830 shares of the company’s stock valued at $6,652,000 after acquiring an additional 13,102 shares during the last quarter.
Small/Mid Cap Growth Alpha ETF Price Performance
NASDAQ JSMD opened at $88.00 on Tuesday. The company has a market cap of $1.01 billion, a PE ratio of 19.08 and a beta of 1.16. The stock’s 50 day simple moving average is $92.15 and its 200-day simple moving average is $92.81. Small/Mid Cap Growth Alpha ETF has a 1-year low of $75.30 and a 1-year high of $101.70.
Small/Mid Cap Growth Alpha ETF Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Wednesday, September 30th were paid a $0.0460 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.18 annualized dividend and a yield of 0.2%. This is a decrease from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.0819.
Small/Mid Cap Growth Alpha ETF 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.
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