Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Stock Price Up 0.8% – Here’s Why

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was up 0.8% during mid-day trading on Monday . The stock traded as high as $38.60 and last traded at $38.60. Approximately 22,574 shares changed hands during trading, an increase of 87% from the average daily volume of 12,044 shares. The stock had previously closed at $38.30.

Ballast Small/Mid Cap ETF Trading Up 0.8 %

The stock’s fifty day simple moving average is $40.69 and its 200 day simple moving average is $40.74. The company has a market cap of $150.54 million, a price-to-earnings ratio of 16.31 and a beta of 0.93.

Institutional Trading of Ballast Small/Mid Cap ETF

An institutional investor recently bought a new position in Ballast Small/Mid Cap ETF stock. Atlas Brown Inc. purchased a new stake in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $208,000. Atlas Brown Inc. owned 0.13% of Ballast Small/Mid Cap ETF at the end of the most recent reporting period.

About Ballast Small/Mid Cap ETF

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.