Atlas Brown Inc. Makes New $208,000 Investment in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)

Atlas Brown Inc. purchased a new stake in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the company’s stock, valued at approximately $208,000. Atlas Brown Inc. owned approximately 0.13% of Ballast Small/Mid Cap ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Ballast Small/Mid Cap ETF Price Performance

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

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.