Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Stock Price Down 0.7% – What’s Next?

Shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) were down 0.7% on Wednesday . The stock traded as low as $49.06 and last traded at $49.50. Approximately 7,508 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 10,256 shares. The stock had previously closed at $49.84.

Ballast Small/Mid Cap ETF Price Performance

The company has a market capitalization of $174.74 million, a P/E ratio of 16.95 and a beta of 0.87. The stock has a 50-day moving average price of $48.91 and a 200-day moving average price of $47.64.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ballast Small/Mid Cap ETF stock. Janney Montgomery Scott LLC raised its position in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) by 6.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 34,589 shares of the company’s stock after purchasing an additional 2,031 shares during the period. Janney Montgomery Scott LLC owned 0.96% of Ballast Small/Mid Cap ETF worth $1,561,000 as of its most recent filing with the SEC.

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.