Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Trading Down 0.7% – Here’s What Happened

Shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) fell 0.7% during mid-day trading on Wednesday . The company traded as low as $49.06 and last traded at $49.50. 7,508 shares were traded during trading, a decline of 27% from the average daily volume of 10,256 shares. The stock had previously closed at $49.84.

Ballast Small/Mid Cap ETF Trading Up 0.6%

The firm has a market cap of $177.03 million, a PE ratio of 16.95 and a beta of 0.87. The company has a 50 day moving average price of $48.95 and a 200 day moving average price of $47.68.

Institutional Trading of Ballast Small/Mid Cap ETF

A number of institutional investors have recently bought and sold shares of the company. Miller Global Investments LLC purchased a new stake in shares of Ballast Small/Mid Cap ETF in the 4th quarter worth about $710,000. Janney Montgomery Scott LLC increased its holdings in Ballast Small/Mid Cap ETF by 6.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock valued at $1,561,000 after acquiring an additional 2,031 shares in the last quarter. Finally, Allied Private Wealth LLC purchased a new position in Ballast Small/Mid Cap ETF during the 2nd quarter valued at about $184,000.

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.