Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $39.64 and traded as high as $44.21. Ballast Small/Mid Cap ETF shares last traded at $43.86, with a volume of 3,605 shares trading hands.

Ballast Small/Mid Cap ETF Trading Down 0.1 %

The stock has a market capitalization of $166.66 million, a P/E ratio of 11.25 and a beta of 0.95. The firm’s fifty day moving average is $39.64 and its 200-day moving average is $37.63.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

Several institutional investors have recently added to or reduced their stakes in MGMT. Nations Financial Group Inc. IA ADV lifted its holdings in Ballast Small/Mid Cap ETF by 5.5% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 34,750 shares of the company’s stock valued at $1,247,000 after purchasing an additional 1,800 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Ballast Small/Mid Cap ETF by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,110 shares of the company’s stock valued at $1,776,000 after acquiring an additional 1,495 shares in the last quarter. Finally, Frontier Asset Management LLC increased its position in Ballast Small/Mid Cap ETF by 3.9% in the 2nd quarter. Frontier Asset Management LLC now owns 19,240 shares of the company’s stock valued at $690,000 after acquiring an additional 714 shares in the last quarter.

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.