Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Shares Up 0.1%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)’s stock price rose 0.1% during mid-day trading on Friday . The company traded as high as $35.26 and last traded at $35.25. Approximately 17,593 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 15,718 shares. The stock had previously closed at $35.21.

Ballast Small/Mid Cap ETF Stock Performance

The stock has a market cap of $133.94 million, a P/E ratio of 11.25 and a beta of 0.95. The business has a 50 day simple moving average of $36.07 and a 200-day simple moving average of $36.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ballast Small/Mid Cap ETF stock. Janney Montgomery Scott LLC grew its position in shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,184 shares of the company’s stock after buying an additional 2,158 shares during the period. Janney Montgomery Scott LLC owned 1.09% of Ballast Small/Mid Cap ETF worth $969,000 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.