Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $39.64 and traded as high as $44.21. Ballast Small/Mid Cap ETF shares last traded at $43.86, with a volume of 3,605 shares traded.

Ballast Small/Mid Cap ETF Price Performance

The stock’s 50-day moving average is $39.64 and its 200-day moving average is $37.63. The stock has a market cap of $166.66 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

Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings in shares of Ballast Small/Mid Cap ETF by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,110 shares of the company’s stock valued at $1,776,000 after purchasing an additional 1,495 shares during the last quarter. Frontier Asset Management LLC boosted its holdings in shares of Ballast Small/Mid Cap ETF by 3.9% in 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 boosted its holdings in shares of Ballast Small/Mid Cap ETF by 5.5% in 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.