Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Stock Price Down 0.6% – What’s Next?

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) shares dropped 0.6% on Tuesday . The company traded as low as $50.94 and last traded at $50.94. 1,382 shares were traded during trading, a decline of 85% from the average session volume of 9,516 shares. The stock had previously closed at $51.26.

Ballast Small/Mid Cap ETF Trading Down 0.7%

The stock has a market cap of $170.97 million, a P/E ratio of 16.95 and a beta of 0.87. The company’s fifty day simple moving average is $50.96 and its 200-day simple moving average is $48.80.

Institutional Trading of Ballast Small/Mid Cap ETF

A hedge fund recently bought a new position in Ballast Small/Mid Cap ETF stock. Allied Private Wealth LLC purchased a new stake in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,715 shares of the company’s stock, valued at approximately $184,000. Allied Private Wealth LLC owned 0.11% of Ballast Small/Mid Cap ETF at the end of the most recent reporting period.

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.