Western Wealth Management LLC Takes $1.24 Million Position in Small/Mid Cap Growth Alpha ETF $JSMD

Western Wealth Management LLC purchased a new stake in Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) in the first quarter, Holdings Channel.com reports. The firm purchased 15,587 shares of the company’s stock, valued at approximately $1,237,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position 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 in the last quarter. Jane Street Group LLC increased its position in 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 valued at $1,044,000 after acquiring an additional 2,384 shares in the last quarter. Peapack Gladstone Financial Corp increased 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 valued at $1,812,000 after acquiring an additional 20,358 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Small/Mid Cap Growth Alpha ETF by 2.2% in the second quarter. Raymond James Financial Inc. now owns 296,929 shares of the company’s stock worth $23,057,000 after acquiring an additional 6,264 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Small/Mid Cap Growth Alpha ETF by 83.0% in the second quarter. Ameriprise Financial Inc. now owns 140,075 shares of the company’s stock worth $10,877,000 after acquiring an additional 63,532 shares during the last quarter.

Small/Mid Cap Growth Alpha ETF Stock Performance

Shares of JSMD stock opened at $92.63 on Monday. Small/Mid Cap Growth Alpha ETF has a 1 year low of $75.30 and a 1 year high of $101.70. The firm’s 50 day moving average is $96.20 and its 200-day moving average is $89.34. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 19.08 and a beta of 1.14.

Small/Mid Cap Growth Alpha ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th were given a $0.0819 dividend. This is a boost from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, June 30th. This represents a $0.33 annualized dividend and a yield of 0.4%.

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.