Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Stock Price Down 0.1% – Here’s What Happened

Shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) dropped 0.1% during trading on Friday . The stock traded as low as $48.92 and last traded at $49.13. Approximately 3,758 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 13,387 shares. The stock had previously closed at $49.18.

Ballast Small/Mid Cap ETF Stock Down 0.1%

The company has a market capitalization of $169.50 million, a price-to-earnings ratio of 16.95 and a beta of 0.92. The business’s 50-day moving average is $47.27 and its 200-day moving average is $44.80.

Ballast Small/Mid Cap ETF Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, January 5th. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.1507 per share. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 34.0%.

Institutional Trading of Ballast Small/Mid Cap ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MGMT. Atlas Brown Inc. acquired a new position in Ballast Small/Mid Cap ETF in the third quarter valued at approximately $220,000. Employees Retirement Fund of the City of Fort Worth purchased a new position in shares of Ballast Small/Mid Cap ETF during the 3rd quarter valued at approximately $2,502,000. Finally, Miller Global Investments LLC purchased a new position in shares of Ballast Small/Mid Cap ETF during the 4th quarter valued at approximately $710,000.

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.