Shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT – Get Rating) were down 2.2% during trading on Friday . The company traded as low as $31.45 and last traded at $31.45. Approximately 4,221 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 7,537 shares. The stock had previously closed at $32.17.
Ballast Small/Mid Cap ETF Trading Down 2.2 %
The stock’s fifty day simple moving average is $33.91 and its 200 day simple moving average is $32.29. The company has a market cap of $66.04 million, a price-to-earnings ratio of 8.64 and a beta of 0.88.
Hedge Funds Weigh In On Ballast Small/Mid Cap ETF
Hedge funds have recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV purchased a new position in Ballast Small/Mid Cap ETF in the 3rd quarter valued at approximately $420,000. Frontier Asset Management LLC purchased a new position in Ballast Small/Mid Cap ETF in the 2nd quarter valued at approximately $709,000. Finally, Boenning & Scattergood Inc. boosted its position in Ballast Small/Mid Cap ETF by 5.1% in the 4th quarter. Boenning & Scattergood Inc. now owns 35,167 shares of the company’s stock valued at $1,239,000 after buying an additional 1,692 shares during the 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.
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