Nova Wealth Management Inc. Buys 7,050 Shares of Small/Mid Cap Growth Alpha ETF $JSMD

Nova Wealth Management Inc. grew its stake in Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) by 123.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,762 shares of the company’s stock after buying an additional 7,050 shares during the period. Nova Wealth Management Inc. owned approximately 0.14% of Small/Mid Cap Growth Alpha ETF worth $1,041,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JSMD. Royal Bank of Canada boosted 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 worth $8,295,000 after purchasing an additional 17,590 shares during the period. Jane Street Group LLC boosted its holdings in shares of Small/Mid Cap Growth Alpha ETF by 19.0% during the 1st quarter. Jane Street Group LLC now owns 14,913 shares of the company’s stock worth $1,044,000 after buying an additional 2,384 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in 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 buying an additional 24,250 shares during the last quarter. Smith Moore & CO. bought a new position in Small/Mid Cap Growth Alpha ETF in the 2nd quarter worth $221,000. Finally, Peapack Gladstone Financial Corp lifted its position in Small/Mid Cap Growth Alpha ETF by 682.9% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 23,339 shares of the company’s stock worth $1,812,000 after acquiring an additional 20,358 shares during the last quarter.

Small/Mid Cap Growth Alpha ETF Price Performance

JSMD stock opened at $77.16 on Monday. The stock has a market capitalization of $752.31 million, a price-to-earnings ratio of 19.08 and a beta of 1.11. The company has a 50-day moving average of $83.76 and a two-hundred day moving average of $83.60. Small/Mid Cap Growth Alpha ETF has a 52-week low of $60.99 and a 52-week high of $89.44.

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. JSMD was launched on Feb 25, 2016 and is managed by Janus Henderson.