Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Announces $0.15 Annual Dividend

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) declared an annual dividend on Monday, December 29th. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.1507 per share on Monday, January 5th. This represents a dividend yield of 34.0%. The ex-dividend date of this dividend is Tuesday, December 30th.

Ballast Small/Mid Cap ETF Price Performance

Shares of MGMT stock opened at $44.82 on Tuesday. The company has a market cap of $156.87 million, a price-to-earnings ratio of 16.95 and a beta of 0.92. Ballast Small/Mid Cap ETF has a 1 year low of $32.09 and a 1 year high of $46.06. The firm has a fifty day moving average price of $43.75 and a 200-day moving average price of $42.79.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Atlas Brown Inc. purchased a new position in shares of Ballast Small/Mid Cap ETF during the 3rd quarter valued at about $220,000. Janney Montgomery Scott LLC raised its stake in Ballast Small/Mid Cap ETF by 5.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 39,006 shares of the company’s stock worth $1,540,000 after acquiring an additional 2,148 shares during the period. Finally, Employees Retirement Fund of the City of Fort Worth purchased a new position in Ballast Small/Mid Cap ETF during the third quarter valued at approximately $2,502,000.

About Ballast Small/Mid Cap ETF

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.