Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $39.64 and traded as high as $44.21. Ballast Small/Mid Cap ETF shares last traded at $43.86, with a volume of 3,605 shares traded.

Ballast Small/Mid Cap ETF Price Performance

The stock has a 50-day moving average of $39.76 and a 200 day moving average of $37.67. The stock has a market capitalization of $167.39 million, a price-to-earnings ratio of 11.25 and a beta of 0.95.

Institutional Trading of Ballast Small/Mid Cap ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Frontier Asset Management LLC boosted its holdings in 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 worth $690,000 after buying an additional 714 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in 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 worth $1,776,000 after buying an additional 1,495 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in Ballast Small/Mid Cap ETF by 5.5% during the second quarter. Nations Financial Group Inc. IA ADV now owns 34,750 shares of the company’s stock worth $1,247,000 after buying an additional 1,800 shares during the last quarter.

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.