Fifth Third Bancorp Invests $753,000 in Small/Mid Cap Growth Alpha ETF $JSMD

Fifth Third Bancorp purchased a new stake in Small/Mid Cap Growth Alpha ETF (NASDAQ:JSMD) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 9,491 shares of the company’s stock, valued at approximately $753,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Allegheny Financial Group acquired a new position in Small/Mid Cap Growth Alpha ETF during the fourth quarter worth about $573,000. Pursuit Wealth Management LLC acquired a new stake in shares of Small/Mid Cap Growth Alpha ETF during the 4th quarter valued at approximately $1,299,000. Mcdonald Partners LLC acquired a new stake in shares of Small/Mid Cap Growth Alpha ETF during the 4th quarter valued at approximately $818,000. Peapack Gladstone Financial Corp boosted its stake in shares of Small/Mid Cap Growth Alpha ETF by 52.1% during the 4th quarter. Peapack Gladstone Financial Corp now owns 47,806 shares of the company’s stock worth $3,899,000 after acquiring an additional 16,382 shares in the last quarter. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Small/Mid Cap Growth Alpha ETF during the 4th quarter worth approximately $6,761,000.

Small/Mid Cap Growth Alpha ETF Price Performance

JSMD opened at $94.71 on Tuesday. The stock has a market cap of $1.07 billion, a P/E ratio of 19.08 and a beta of 1.14. The stock’s 50 day simple moving average is $96.10 and its 200 day simple moving average is $89.12. Small/Mid Cap Growth Alpha ETF has a 1-year low of $75.30 and a 1-year high of $101.70.

Small/Mid Cap Growth Alpha ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.0819 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from Small/Mid Cap Growth Alpha ETF’s previous quarterly dividend of $0.08. This represents a $0.33 dividend on an annualized basis and a yield of 0.3%.

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.