56,800 Shares in Ballast Small/Mid Cap ETF $MGMT Acquired by Employees Retirement Fund of the City of Fort Worth

Employees Retirement Fund of the City of Fort Worth bought a new stake in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) in the 3rd quarter, HoldingsChannel reports. The fund bought 56,800 shares of the company’s stock, valued at approximately $2,502,000. Ballast Small/Mid Cap ETF comprises approximately 1.2% of Employees Retirement Fund of the City of Fort Worth’s portfolio, making the stock its 18th biggest position.

Separately, Atlas Brown Inc. acquired a new stake in shares of Ballast Small/Mid Cap ETF in the 3rd quarter worth $220,000.

Ballast Small/Mid Cap ETF Price Performance

Shares of NYSEARCA:MGMT opened at $48.12 on Friday. The business’s 50-day moving average is $47.61 and its 200 day moving average is $45.05. Ballast Small/Mid Cap ETF has a 1 year low of $32.09 and a 1 year high of $50.23. The firm has a market capitalization of $166.01 million, a P/E ratio of 16.95 and a beta of 0.92.

Ballast Small/Mid Cap ETF Announces Dividend

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

Ballast Small/Mid Cap ETF 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.