Atlas Brown Inc. Acquires Shares of 5,000 Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)

Atlas Brown Inc. acquired a new stake in shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,000 shares of the company’s stock, valued at approximately $208,000.

Separately, Janney Montgomery Scott LLC increased its holdings in Ballast Small/Mid Cap ETF by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,110 shares of the company’s stock valued at $1,776,000 after acquiring an additional 1,495 shares during the last quarter.

Ballast Small/Mid Cap ETF Stock Performance

Shares of MGMT traded down $0.80 during midday trading on Friday, hitting $40.48. 2,485 shares of the company traded hands, compared to its average volume of 5,898. The stock has a market cap of $153.82 million, a price-to-earnings ratio of 11.25 and a beta of 0.95. The firm has a 50 day moving average of $42.28 and a 200-day moving average of $39.08. Ballast Small/Mid Cap ETF has a 52 week low of $34.73 and a 52 week high of $44.50.

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.