Nations Financial Group Inc. IA ADV Reduces Position in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT)

Nations Financial Group Inc. IA ADV reduced its position in shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,250 shares of the company’s stock after selling 500 shares during the period. Nations Financial Group Inc. IA ADV owned about 0.90% of Ballast Small/Mid Cap ETF worth $1,319,000 at the end of the most recent reporting period.

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

Ballast Small/Mid Cap ETF Stock Performance

NYSEARCA:MGMT opened at $42.14 on Wednesday. Ballast Small/Mid Cap ETF has a 1 year low of $32.90 and a 1 year high of $42.62. The stock has a market cap of $160.13 million, a P/E ratio of 11.25 and a beta of 0.95. The stock has a 50-day simple moving average of $38.31 and a 200-day simple moving average of $37.16.

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.