Ballast Small/Mid Cap ETF (MGMT) To Go Ex-Dividend on December 30th

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) announced an annual dividend on Monday, December 29th. Investors of record on Tuesday, December 30th will be given a dividend of 0.1507 per share on Monday, January 5th. This represents a yield of 34.0%. The ex-dividend date of this dividend is Tuesday, December 30th.

Ballast Small/Mid Cap ETF Stock Performance

MGMT stock opened at $44.73 on Wednesday. Ballast Small/Mid Cap ETF has a fifty-two week low of $32.09 and a fifty-two week high of $46.06. The business’s 50-day moving average is $43.77 and its two-hundred day moving average is $42.83. The company has a market cap of $156.56 million, a price-to-earnings ratio of 16.95 and a beta of 0.92.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Atlas Brown Inc. bought a new stake in Ballast Small/Mid Cap ETF during the third quarter valued at approximately $220,000. Janney Montgomery Scott LLC grew its position in shares of Ballast Small/Mid Cap ETF by 5.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 39,006 shares of the company’s stock valued at $1,540,000 after acquiring an additional 2,148 shares during the period. Finally, Employees Retirement Fund of the City of Fort Worth purchased a new stake in Ballast Small/Mid Cap ETF in the third quarter worth about $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.