Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Trading Down 0.1% – What’s Next?

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)’s share price fell 0.1% during trading on Friday . The company traded as low as $48.92 and last traded at $49.13. 3,758 shares changed hands during trading, a decline of 72% from the average session volume of 13,387 shares. The stock had previously closed at $49.18.

Ballast Small/Mid Cap ETF Stock Performance

The company has a fifty day simple moving average of $47.27 and a two-hundred day simple moving average of $44.80. The company has a market capitalization of $169.50 million, a price-to-earnings ratio of 16.95 and a beta of 0.92.

Ballast Small/Mid Cap ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, January 5th. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.1507 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 34.0%.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Atlas Brown Inc. acquired a new position in Ballast Small/Mid Cap ETF during the third quarter valued at approximately $220,000. Miller Global Investments LLC purchased a new stake in Ballast Small/Mid Cap ETF during the 4th quarter worth approximately $710,000. Finally, Employees Retirement Fund of the City of Fort Worth bought a new stake in shares of Ballast Small/Mid Cap ETF in the third quarter worth $2,502,000.

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.