LPL Financial LLC Takes Position in Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM)

LPL Financial LLC bought a new position in shares of Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 19,243 shares of the company’s stock, valued at approximately $488,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in shares of Neuberger Berman Small-Mid Cap ETF during the fourth quarter worth $73,000. Barrett & Company Inc. bought a new position in Neuberger Berman Small-Mid Cap ETF during the 4th quarter worth $99,000. Finally, Exchange Traded Concepts LLC acquired a new position in Neuberger Berman Small-Mid Cap ETF during the 4th quarter worth about $3,715,000.

Neuberger Berman Small-Mid Cap ETF Trading Up 1.3 %

NYSEARCA NBSM opened at $23.15 on Friday. The firm has a market capitalization of $202.56 million and a PE ratio of 25.95. The business’s 50-day moving average price is $23.79 and its two-hundred day moving average price is $25.45. Neuberger Berman Small-Mid Cap ETF has a 12 month low of $20.83 and a 12 month high of $28.38.

About Neuberger Berman Small-Mid Cap ETF

The Neuberger Berman Small-Mid Cap ETF (NBSM) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, focusing on capital appreciation through investments in small- and mid-cap companies aligned with the Russell 2000 and Midcap Index. NBSM was launched on Mar 20, 2024 and is issued by Neuberger Berman.