Janney Montgomery Scott LLC Increases Stake in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)

Janney Montgomery Scott LLC boosted its stake in shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) by 3.4% in the 3rd quarter, Holdings Channel reports. The fund owned 46,110 shares of the company’s stock after buying an additional 1,495 shares during the period. Janney Montgomery Scott LLC’s holdings in Ballast Small/Mid Cap ETF were worth $1,776,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Nations Financial Group Inc. IA ADV boosted its stake in shares of Ballast Small/Mid Cap ETF by 5.5% in the second quarter. Nations Financial Group Inc. IA ADV now owns 34,750 shares of the company’s stock worth $1,247,000 after acquiring an additional 1,800 shares during the last quarter.

Ballast Small/Mid Cap ETF Price Performance

Shares of NYSEARCA:MGMT opened at $41.78 on Thursday. The business’s 50 day moving average price is $38.42 and its 200-day moving average price is $37.20. The firm has a market capitalization of $158.76 million, a PE ratio of 11.25 and a beta of 0.95. Ballast Small/Mid Cap ETF has a 1 year low of $33.40 and a 1 year high of $42.62.

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.