Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Shares Up 1% – Should You Buy?

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) shares rose 1% on Monday . The stock traded as high as $26.26 and last traded at $26.23. Approximately 10,702 shares traded hands during trading, a decline of 56% from the average daily volume of 24,255 shares. The stock had previously closed at $25.98.

Neuberger Berman Small-Mid Cap ETF Stock Up 1.0%

The firm’s 50-day moving average is $26.04 and its two-hundred day moving average is $26.03. The stock has a market cap of $221.12 million, a P/E ratio of 26.86 and a beta of 0.89.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barnes Pettey Financial Advisors LLC grew its holdings in Neuberger Berman Small-Mid Cap ETF by 10.2% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 9,461 shares of the company’s stock valued at $239,000 after purchasing an additional 873 shares during the last quarter. Citadel Advisors LLC acquired a new position in Neuberger Berman Small-Mid Cap ETF during the third quarter valued at approximately $337,000. Susquehanna International Group LLP grew its holdings in Neuberger Berman Small-Mid Cap ETF by 77.5% during the third quarter. Susquehanna International Group LLP now owns 17,805 shares of the company’s stock valued at $451,000 after purchasing an additional 7,776 shares during the last quarter. Worth Financial Advisory Group LLC grew its holdings in Neuberger Berman Small-Mid Cap ETF by 2.5% during the fourth quarter. Worth Financial Advisory Group LLC now owns 26,514 shares of the company’s stock valued at $669,000 after purchasing an additional 637 shares during the last quarter. Finally, Royal Bank of Canada acquired a new position in Neuberger Berman Small-Mid Cap ETF during the first quarter valued at approximately $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.