Wealth Enhancement Advisory Services LLC Lowers Stock Holdings in Small/Mid Cap Growth Alpha ETF $JSMD

Wealth Enhancement Advisory Services LLC reduced its position in Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) by 18.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,250 shares of the company’s stock after selling 8,811 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Small/Mid Cap Growth Alpha ETF were worth $3,248,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Royal Bank of Canada grew its position in Small/Mid Cap Growth Alpha ETF by 17.4% during the first quarter. Royal Bank of Canada now owns 118,522 shares of the company’s stock valued at $8,295,000 after acquiring an additional 17,590 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Small/Mid Cap Growth Alpha ETF by 19.0% in the 1st quarter. Jane Street Group LLC now owns 14,913 shares of the company’s stock worth $1,044,000 after acquiring an additional 2,384 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Small/Mid Cap Growth Alpha ETF by 489.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 29,205 shares of the company’s stock valued at $2,268,000 after purchasing an additional 24,250 shares in the last quarter. Smith Moore & CO. bought a new position in shares of Small/Mid Cap Growth Alpha ETF during the 2nd quarter valued at $221,000. Finally, Peapack Gladstone Financial Corp raised its position in Small/Mid Cap Growth Alpha ETF by 682.9% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 23,339 shares of the company’s stock worth $1,812,000 after purchasing an additional 20,358 shares during the period.

Small/Mid Cap Growth Alpha ETF Stock Up 5.0%

NASDAQ JSMD opened at $79.35 on Wednesday. The company has a 50-day simple moving average of $83.37 and a two-hundred day simple moving average of $83.49. Small/Mid Cap Growth Alpha ETF has a 12-month low of $60.99 and a 12-month high of $89.44. The firm has a market cap of $773.66 million, a price-to-earnings ratio of 19.08 and a beta of 1.11.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.0786 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.31 annualized dividend and a yield of 0.4%.

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.