Redhawk Wealth Advisors Inc. Trims Stock Position in Small Cap Growth Alpha ETF $JSML

Redhawk Wealth Advisors Inc. decreased its stake in Small Cap Growth Alpha ETF (NASDAQ:JSML) by 67.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,134 shares of the company’s stock after selling 17,065 shares during the period. Redhawk Wealth Advisors Inc. owned 0.20% of Small Cap Growth Alpha ETF worth $757,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC raised its stake in Small Cap Growth Alpha ETF by 49.9% during the 4th quarter. LPL Financial LLC now owns 380,551 shares of the company’s stock worth $27,995,000 after acquiring an additional 126,747 shares in the last quarter. UBS Group AG boosted its stake in Small Cap Growth Alpha ETF by 176.3% in the fourth quarter. UBS Group AG now owns 101,083 shares of the company’s stock valued at $7,436,000 after acquiring an additional 64,504 shares in the last quarter. Horizon Family Wealth Inc. acquired a new position in Small Cap Growth Alpha ETF in the fourth quarter valued at $3,331,000. Merit Financial Group LLC acquired a new position in Small Cap Growth Alpha ETF in the fourth quarter valued at $2,132,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Small Cap Growth Alpha ETF during the fourth quarter worth about $2,007,000.

Small Cap Growth Alpha ETF Stock Performance

JSML opened at $90.96 on Wednesday. The stock has a market capitalization of $377.48 million, a P/E ratio of 18.21 and a beta of 1.28. Small Cap Growth Alpha ETF has a one year low of $66.97 and a one year high of $98.01. The business’s 50-day simple moving average is $89.61 and its 200-day simple moving average is $81.62.

Small 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 issued a $0.0463 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Small Cap Growth Alpha ETF’s previous quarterly dividend of $0.04.

Small Cap Growth Alpha ETF Profile

The Janus Henderson Small Cap Growth Alpha ETF (JSML) is an exchange-traded fund that is based on the Janus Small Cap Growth Alpha index. The fund tracks a market cap-weighted index of US small cap stocks selected by fundamental measures of growth, profitability and capital efficiency. Weighting relies on the actively-managed Janus Venture Fund. JSML was launched on Feb 25, 2016 and is managed by Janus Henderson.