Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Stock Price Up 0.6% – Still a Buy?

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) shares were up 0.6% during mid-day trading on Friday . The company traded as high as $25.15 and last traded at $25.13. Approximately 25,158 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 31,519 shares. The stock had previously closed at $24.97.

Neuberger Berman Small-Mid Cap ETF Stock Performance

The business has a 50 day moving average price of $23.51 and a two-hundred day moving average price of $25.17. The company has a market cap of $157.82 million and a P/E ratio of 26.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new position in Neuberger Berman Small-Mid Cap ETF in the 4th quarter worth $73,000. Barrett & Company Inc. purchased a new position in shares of Neuberger Berman Small-Mid Cap ETF during the fourth quarter valued at approximately $99,000. LPL Financial LLC purchased a new stake in shares of Neuberger Berman Small-Mid Cap ETF in the fourth quarter valued at approximately $488,000. Royal Bank of Canada purchased a new stake in shares of Neuberger Berman Small-Mid Cap ETF in the first quarter valued at approximately $738,000. Finally, Bank of America Corp DE bought a new position in Neuberger Berman Small-Mid Cap ETF in the fourth quarter worth approximately $846,000.

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.