Frontier Asset Management LLC Reduces Stock Holdings in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)

Frontier Asset Management LLC lowered its position in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,315 shares of the company’s stock after selling 1,075 shares during the quarter. Frontier Asset Management LLC owned about 0.48% of Ballast Small/Mid Cap ETF worth $762,000 at the end of the most recent reporting period.

Separately, Janney Montgomery Scott LLC boosted its stake 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 period.

Ballast Small/Mid Cap ETF Price Performance

Shares of MGMT stock opened at $39.53 on Friday. The firm has a market cap of $152.19 million, a PE ratio of 15.95 and a beta of 0.93. The company has a 50-day moving average of $41.64 and a two-hundred day moving average of $40.51. Ballast Small/Mid Cap ETF has a 1-year low of $34.73 and a 1-year high of $44.50.

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.