Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Stock Price Down 0.2% – Should You Sell?

Shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) were down 0.2% during mid-day trading on Thursday . The company traded as low as $41.35 and last traded at $41.35. Approximately 7,161 shares changed hands during trading, a decline of 50% from the average daily volume of 14,435 shares. The stock had previously closed at $41.44.

Ballast Small/Mid Cap ETF Stock Performance

The company has a market cap of $157.51 million, a PE ratio of 11.25 and a beta of 0.95. The stock has a fifty day moving average of $41.48 and a 200-day moving average of $38.49.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV grew its stake in Ballast Small/Mid Cap ETF by 5.5% in the second quarter. Nations Financial Group Inc. IA ADV now owns 34,750 shares of the company’s stock worth $1,247,000 after purchasing an additional 1,800 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Ballast Small/Mid Cap ETF by 3.4% during the third quarter. Janney Montgomery Scott LLC now owns 46,110 shares of the company’s stock valued at $1,776,000 after buying an additional 1,495 shares during the period. Finally, Frontier Asset Management LLC increased its stake in shares of Ballast Small/Mid Cap ETF by 3.9% during the second quarter. Frontier Asset Management LLC now owns 19,240 shares of the company’s stock valued at $690,000 after buying an additional 714 shares during the 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.