Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Trading Up 2.2% – What’s Next?

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) shares traded up 2.2% during trading on Tuesday . The company traded as high as $43.34 and last traded at $43.34. 4,723 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 11,973 shares. The stock had previously closed at $42.39.

Ballast Small/Mid Cap ETF Trading Up 2.2%

The company has a market capitalization of $151.69 million, a price-to-earnings ratio of 16.95 and a beta of 0.92. The company has a 50 day moving average price of $43.31 and a 200 day moving average price of $41.75.

Institutional Trading of Ballast Small/Mid Cap ETF

An institutional investor recently raised its position in Ballast Small/Mid Cap ETF stock. Janney Montgomery Scott LLC grew its holdings in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,006 shares of the company’s stock after purchasing an additional 2,148 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.99% of Ballast Small/Mid Cap ETF worth $1,540,000 at the end of the most recent reporting period.

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.