NewEdge Advisors LLC Has $16.45 Million Stake in Small/Mid Cap Growth Alpha ETF $JSMD

NewEdge Advisors LLC boosted its position in shares of Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) by 253.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,525 shares of the company’s stock after acquiring an additional 116,590 shares during the quarter. NewEdge Advisors LLC’s holdings in Small/Mid Cap Growth Alpha ETF were worth $16,454,000 at the end of the most recent reporting period.

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

Small/Mid Cap Growth Alpha ETF Stock Performance

Shares of NASDAQ: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 company has a market capitalization of $1.03 billion, a P/E ratio of 19.08 and a beta of 1.15. The company has a 50-day simple moving average of $95.12 and a 200 day simple moving average of $91.04.

Small/Mid Cap Growth Alpha ETF Increases Dividend

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

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.