Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Trading 0.8% Higher – Still a Buy?

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) shares were up 0.8% on Monday . The company traded as high as $38.60 and last traded at $38.60. Approximately 22,574 shares were traded during mid-day trading, an increase of 87% from the average daily volume of 12,044 shares. The stock had previously closed at $38.30.

Ballast Small/Mid Cap ETF Stock Up 0.8 %

The business has a 50-day simple moving average of $40.69 and a 200-day simple moving average of $40.74. The company has a market cap of $150.54 million, a PE ratio of 16.31 and a beta of 0.93.

Institutional Investors 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) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

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.