Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Shares Up 0.1%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMTGet Free Report) shares shot up 0.1% on Friday . The stock traded as high as $35.26 and last traded at $35.25. 17,593 shares were traded during mid-day trading, an increase of 12% from the average session volume of 15,718 shares. The stock had previously closed at $35.21.

Ballast Small/Mid Cap ETF Stock Performance

The company’s 50-day moving average is $36.07 and its 200-day moving average is $36.20. The firm has a market cap of $133.94 million, a price-to-earnings ratio of 11.25 and a beta of 0.95.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ballast Small/Mid Cap ETF stock. Janney Montgomery Scott LLC raised its holdings in shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMTFree Report) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,184 shares of the company’s stock after purchasing an additional 2,158 shares during the period. Janney Montgomery Scott LLC owned 1.09% of Ballast Small/Mid Cap ETF worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

About Ballast Small/Mid Cap ETF

(Get Free Report)

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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