IFG Advisory LLC Reduces Holdings in Small/Mid Cap Growth Alpha ETF $JSMD

IFG Advisory LLC trimmed its stake in Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) by 31.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,330 shares of the company’s stock after selling 1,550 shares during the period. IFG Advisory LLC’s holdings in Small/Mid Cap Growth Alpha ETF were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Systelligence LLC purchased a new position in shares of Small/Mid Cap Growth Alpha ETF during the second quarter worth about $8,652,000. Envestnet Asset Management Inc. grew its holdings in shares of Small/Mid Cap Growth Alpha ETF by 519.7% during the second quarter. Envestnet Asset Management Inc. now owns 125,376 shares of the company’s stock worth $9,735,000 after purchasing an additional 105,143 shares during the last quarter. LPL Financial LLC grew its stake in Small/Mid Cap Growth Alpha ETF by 7.2% during the 1st quarter. LPL Financial LLC now owns 538,861 shares of the company’s stock worth $37,715,000 after buying an additional 36,226 shares during the last quarter. Norden Group LLC purchased a new position in Small/Mid Cap Growth Alpha ETF during the 1st quarter worth approximately $1,268,000. Finally, Royal Bank of Canada grew its stake in Small/Mid Cap Growth Alpha ETF by 17.4% during the 1st quarter. Royal Bank of Canada now owns 118,522 shares of the company’s stock worth $8,295,000 after buying an additional 17,590 shares during the last quarter.

Small/Mid Cap Growth Alpha ETF Stock Down 0.1%

NASDAQ:JSMD opened at $83.85 on Tuesday. The company has a market capitalization of $750.46 million, a PE ratio of 19.08 and a beta of 1.11. The stock’s 50 day moving average price is $83.77 and its 200 day moving average price is $78.73. Small/Mid Cap Growth Alpha ETF has a 52-week low of $60.99 and a 52-week high of $88.15.

Small/Mid Cap Growth Alpha ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.122 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 0.6%.

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.