Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Trading 1% Higher – Here’s Why

Shares of Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) traded up 1% on Monday . The stock traded as high as $26.26 and last traded at $26.23. 10,702 shares were traded during mid-day trading, a decline of 56% from the average session volume of 24,255 shares. The stock had previously closed at $25.98.

Neuberger Berman Small-Mid Cap ETF Stock Up 1.9%

The company has a fifty day simple moving average of $26.05 and a 200 day simple moving average of $26.05. The firm has a market capitalization of $222.97 million, a P/E ratio of 26.86 and a beta of 0.89.

Institutional Trading of Neuberger Berman Small-Mid Cap ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stage Harbor Financial LLC purchased a new position in shares of Neuberger Berman Small-Mid Cap ETF in the 4th quarter valued at $5,610,000. Bank of America Corp DE increased its holdings in shares of Neuberger Berman Small-Mid Cap ETF by 15.6% in the 3rd quarter. Bank of America Corp DE now owns 220,114 shares of the company’s stock valued at $5,575,000 after acquiring an additional 29,767 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Neuberger Berman Small-Mid Cap ETF by 3.6% in the 3rd quarter. Raymond James Financial Inc. now owns 180,178 shares of the company’s stock valued at $4,564,000 after acquiring an additional 6,273 shares during the period. Broadway Wealth Solutions Inc. increased its holdings in shares of Neuberger Berman Small-Mid Cap ETF by 52.3% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 114,302 shares of the company’s stock valued at $2,885,000 after acquiring an additional 39,233 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of Neuberger Berman Small-Mid Cap ETF by 44.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 77,444 shares of the company’s stock valued at $1,965,000 after acquiring an additional 23,669 shares during the period.

Neuberger Berman Small-Mid Cap ETF Company Profile

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.