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

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

Ballast Small/Mid Cap ETF Stock Up 0.1 %

The business has a 50 day moving average of $37.71 and a 200 day moving average of $36.85. The company has a market capitalization of $144.69 million, a P/E ratio of 11.25 and a beta of 0.95.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

Several institutional investors have recently modified their holdings of MGMT. Janney Montgomery Scott LLC lifted its stake in shares of Ballast Small/Mid Cap ETF by 69.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 44,400 shares of the company’s stock valued at $1,683,000 after purchasing an additional 18,216 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its stake 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. Finally, Frontier Asset Management LLC lifted its stake 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.

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.