Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Trading Up 0.1% – Should You Buy?

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)’s stock price was up 0.1% on Thursday . The stock traded as high as $38.11 and last traded at $38.08. Approximately 4,967 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 15,781 shares. The stock had previously closed at $38.05.

Ballast Small/Mid Cap ETF Price Performance

The firm’s 50 day moving average is $37.71 and its two-hundred day moving average is $36.85. The firm has a market capitalization of $144.69 million, a P/E ratio of 11.25 and a beta of 0.95.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in shares of Ballast Small/Mid Cap ETF by 69.6% in the first quarter. Janney Montgomery Scott LLC now owns 44,400 shares of the company’s stock valued at $1,683,000 after buying an additional 18,216 shares in the last quarter. Frontier Asset Management LLC lifted its holdings in Ballast Small/Mid Cap ETF by 3.9% during the 2nd quarter. Frontier Asset Management LLC now owns 19,240 shares of the company’s stock valued at $690,000 after purchasing an additional 714 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Ballast Small/Mid Cap ETF by 5.5% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 34,750 shares of the company’s stock valued at $1,247,000 after purchasing an additional 1,800 shares during the last quarter.

About Ballast Small/Mid Cap ETF

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.