HighTower Advisors LLC Buys New Position in Small/Mid Cap Growth Alpha ETF $JSMD

HighTower Advisors LLC bought a new stake in shares of Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,100 shares of the company’s stock, valued at approximately $497,000. HighTower Advisors LLC owned about 0.11% of Small/Mid Cap Growth Alpha ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JSMD. Silver Oak Securities Incorporated boosted its position in shares of Small/Mid Cap Growth Alpha ETF by 3,529.5% during the first quarter. Silver Oak Securities Incorporated now owns 311,917 shares of the company’s stock valued at $21,831,000 after buying an additional 303,323 shares during the last quarter. LPL Financial LLC boosted its position in Small/Mid Cap Growth Alpha ETF by 7.2% in the first quarter. LPL Financial LLC now owns 538,861 shares of the company’s stock worth $37,715,000 after purchasing an additional 36,226 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in Small/Mid Cap Growth Alpha ETF in the first quarter worth $1,416,000. Norden Group LLC purchased a new position in Small/Mid Cap Growth Alpha ETF in the first quarter worth $1,268,000. Finally, Bank of America Corp DE boosted its position in Small/Mid Cap Growth Alpha ETF by 3.2% in the fourth quarter. Bank of America Corp DE now owns 500,830 shares of the company’s stock worth $37,598,000 after purchasing an additional 15,524 shares during the last quarter.

Small/Mid Cap Growth Alpha ETF Trading Down 0.9%

JSMD stock opened at $82.65 on Friday. The stock’s fifty day simple moving average is $79.28 and its two-hundred day simple moving average is $74.28. Small/Mid Cap Growth Alpha ETF has a 1-year low of $60.99 and a 1-year high of $83.53. The stock has a market cap of $589.29 million, a P/E ratio of 19.08 and a beta of 1.17.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 30th were paid a $0.126 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.50 annualized dividend and a dividend yield of 0.6%.

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.