Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Shares Up 0.7% – Here’s Why

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)’s stock price traded up 0.7% during mid-day trading on Tuesday. The company traded as high as $49.26 and last traded at $48.92. Approximately 840 shares were traded during mid-day trading, a decline of 90% from the average session volume of 8,697 shares. The stock had previously closed at $48.57.

Ballast Small/Mid Cap ETF Trading Down 0.1%

The stock has a market capitalization of $164.65 million, a PE ratio of 16.95 and a beta of 0.89. The firm has a 50-day moving average price of $50.06 and a 200-day moving average price of $49.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its position in shares of Ballast Small/Mid Cap ETF by 6.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock valued at $1,561,000 after acquiring an additional 2,031 shares during the period. Atlas Brown Inc. purchased a new position in Ballast Small/Mid Cap ETF in the third quarter valued at approximately $243,000. Finally, Allied Private Wealth LLC bought a new position in Ballast Small/Mid Cap ETF during the second quarter valued at $184,000.

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.