Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Trading Down 0.7% – Time to Sell?

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) traded down 0.7% during mid-day trading on Monday . The stock traded as low as $28.20 and last traded at $28.20. 5,903 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 55,088 shares. The stock had previously closed at $28.41.

Neuberger Berman Small-Mid Cap ETF Trading Down 0.7%

The firm’s 50-day moving average is $27.35 and its two-hundred day moving average is $26.70. The stock has a market cap of $113.65 million, a price-to-earnings ratio of 26.86 and a beta of 0.77.

Hedge Funds Weigh In On Neuberger Berman Small-Mid Cap ETF

A number of hedge funds have recently made changes to their positions in NBSM. Royal Bank of Canada purchased a new position in shares of Neuberger Berman Small-Mid Cap ETF in the first quarter valued at approximately $738,000. Raymond James Financial Inc. increased its position in shares of Neuberger Berman Small-Mid Cap ETF by 20.8% during the second quarter. Raymond James Financial Inc. now owns 173,905 shares of the company’s stock worth $4,355,000 after purchasing an additional 29,995 shares in the last quarter. Bank of America Corp DE increased its position in shares of Neuberger Berman Small-Mid Cap ETF by 49.1% during the second quarter. Bank of America Corp DE now owns 190,347 shares of the company’s stock worth $4,766,000 after purchasing an additional 62,688 shares in the last quarter. Citadel Advisors LLC acquired a new position in Neuberger Berman Small-Mid Cap ETF in the 3rd quarter valued at $337,000. Finally, Susquehanna International Group LLP raised its stake in Neuberger Berman Small-Mid Cap ETF by 77.5% in the 3rd quarter. Susquehanna International Group LLP now owns 17,805 shares of the company’s stock valued at $451,000 after purchasing an additional 7,776 shares during the last quarter.

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.