Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Trading Up 0.5%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)’s stock price shot up 0.5% during trading on Monday . The stock traded as high as $37.87 and last traded at $36.66. 11,344 shares traded hands during trading, a decline of 36% from the average session volume of 17,790 shares. The stock had previously closed at $36.48.

Ballast Small/Mid Cap ETF Trading Up 0.5 %

The company has a market capitalization of $139.31 million, a PE ratio of 11.13 and a beta of 0.96. The stock’s 50-day moving average is $36.53 and its two-hundred day moving average is $35.56.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

An institutional investor recently raised its position in Ballast Small/Mid Cap ETF stock. Janney Montgomery Scott LLC lifted its stake in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,184 shares of the company’s stock after purchasing an additional 2,158 shares during the period. Janney Montgomery Scott LLC owned about 1.09% of Ballast Small/Mid Cap ETF worth $969,000 at the end of the most recent 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.