Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Trading Down 0.1% – Time to Sell?

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)’s stock price dropped 0.1% during trading on Friday . The stock traded as low as $48.92 and last traded at $49.13. Approximately 3,758 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 13,387 shares. The stock had previously closed at $49.18.

Ballast Small/Mid Cap ETF Price Performance

The stock has a market cap of $169.50 million, a P/E ratio of 16.95 and a beta of 0.92. The firm’s fifty day moving average price is $47.27 and its two-hundred day moving average price is $44.83.

Ballast Small/Mid Cap ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, January 5th. Shareholders of record on Tuesday, December 30th were paid a $0.1507 dividend. This represents a yield of 34.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Trading of Ballast Small/Mid Cap ETF

A number of large investors have recently modified their holdings of MGMT. Atlas Brown Inc. bought a new position in shares of Ballast Small/Mid Cap ETF in the third quarter worth approximately $220,000. Miller Global Investments LLC purchased a new position in Ballast Small/Mid Cap ETF in the 4th quarter worth approximately $710,000. Finally, Employees Retirement Fund of the City of Fort Worth purchased a new position in Ballast Small/Mid Cap ETF in the 3rd quarter worth approximately $2,502,000.

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.