Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Stock Breaks Above 200 Day Moving Average – Time to Sell?

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) shares passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $48.91 and traded as high as $50.20. Ballast Small/Mid Cap ETF shares last traded at $49.40, with a volume of 10,540 shares trading hands.

Ballast Small/Mid Cap ETF Trading Up 1.1%

The stock has a market cap of $164.50 million, a PE ratio of 16.06 and a beta of 0.90. The business has a 50-day moving average price of $49.60 and a 200 day moving average price of $48.91.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

Several institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its stake in shares of Ballast Small/Mid Cap ETF by 6.2% in the first quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock worth $1,561,000 after purchasing an additional 2,031 shares in the last quarter. Atlas Brown Inc. bought a new stake in shares of Ballast Small/Mid Cap ETF in the third quarter valued at approximately $243,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of Ballast Small/Mid Cap ETF during the 2nd quarter valued at approximately $184,000.

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.