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

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)’s stock price dropped 0.7% during mid-day trading on Wednesday . The stock traded as low as $44.87 and last traded at $44.87. Approximately 9,615 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 11,756 shares. The stock had previously closed at $45.19.

Ballast Small/Mid Cap ETF Trading Down 0.7%

The firm has a market capitalization of $157.05 million, a P/E ratio of 16.95 and a beta of 0.92. The firm has a 50 day moving average price of $43.46 and a 200-day moving average price of $42.41.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

An institutional investor recently bought a new position in Ballast Small/Mid Cap ETF stock. Atlas Brown Inc. acquired a new position in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $220,000. Atlas Brown Inc. owned 0.14% 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.