Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Trading 0.7% Higher – Here’s What Happened

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)’s stock price traded up 0.7% during trading on Friday . The stock traded as high as $39.55 and last traded at $39.53. 8,368 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 12,290 shares. The stock had previously closed at $39.26.

Ballast Small/Mid Cap ETF Trading Up 0.7 %

The firm’s 50-day moving average price is $41.64 and its 200 day moving average price is $40.51. The company has a market capitalization of $152.19 million, a price-to-earnings ratio of 15.95 and a beta of 0.93.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

A hedge fund recently raised its stake in Ballast Small/Mid Cap ETF stock. Janney Montgomery Scott LLC raised its holdings in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 46,110 shares of the company’s stock after acquiring an additional 1,495 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.21% of Ballast Small/Mid Cap ETF worth $1,776,000 as of its most recent SEC filing.

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.