Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Trading 1.2% Higher – Should You Buy?

Shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) rose 1.2% during mid-day trading on Thursday . The company traded as high as $42.14 and last traded at $42.14. Approximately 6,341 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 8,308 shares. The stock had previously closed at $41.65.

Ballast Small/Mid Cap ETF Trading Up 1.2 %

The stock has a 50-day simple moving average of $42.19 and a 200 day simple moving average of $39.99. The company has a market cap of $160.13 million, a price-to-earnings ratio of 11.25 and a beta of 0.95.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

An institutional investor recently bought a new position in Ballast Small/Mid Cap ETF stock. Atlas Brown Inc. bought a new position in shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,000 shares of the company’s stock, valued at approximately $208,000. Atlas Brown Inc. owned about 0.13% of Ballast Small/Mid Cap ETF at the end of the most recent reporting period.

Ballast Small/Mid Cap ETF Company Profile

The Ballast Small\u002FMid Cap ETF (MGMT) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively-managed fund that aims for positive risk-adjusted returns. MGMT was launched on Dec 2, 2020 and is managed by Ballast.