Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Shares Down 0.7% – Here’s What Happened

Shares of Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) dropped 0.7% during trading on Monday . The stock traded as low as $28.20 and last traded at $28.20. 5,903 shares were traded during trading, a decline of 89% from the average daily volume of 55,088 shares. The stock had previously closed at $28.41.

Neuberger Berman Small-Mid Cap ETF Stock Down 0.7%

The business’s 50-day simple moving average is $27.35 and its two-hundred day simple moving average is $26.70. The firm has a market cap of $113.65 million, a price-to-earnings ratio of 26.86 and a beta of 0.77.

Hedge Funds Weigh In On Neuberger Berman Small-Mid Cap ETF

Hedge funds have recently bought and sold shares of the business. Barnes Pettey Financial Advisors LLC increased its position in shares of Neuberger Berman Small-Mid Cap ETF by 10.2% in the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 9,461 shares of the company’s stock valued at $239,000 after buying an additional 873 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Neuberger Berman Small-Mid Cap ETF during the 3rd quarter valued at approximately $337,000. Susquehanna International Group LLP lifted its position in shares of Neuberger Berman Small-Mid Cap ETF by 77.5% during the 3rd quarter. Susquehanna International Group LLP now owns 17,805 shares of the company’s stock valued at $451,000 after buying an additional 7,776 shares in the last quarter. Worth Financial Advisory Group LLC grew its stake in Neuberger Berman Small-Mid Cap ETF by 2.5% in the 4th quarter. Worth Financial Advisory Group LLC now owns 26,514 shares of the company’s stock valued at $669,000 after acquiring an additional 637 shares during the period. Finally, Royal Bank of Canada acquired a new stake in Neuberger Berman Small-Mid Cap ETF in the 1st quarter valued at $738,000.

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.