Ballast Small/Mid Cap ETF (MGMT)
Ballast Small/Mid Cap ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Dallas, TX, US. The stock last traded at $49.08, down 0.22% on the session, giving a market capitalisation of $173.3M. Its beta of 0.85 implies it has historically moved less than the broad market.
The fund primarily aims to invest in U.S.-based companies with small to medium market values. Under typical market conditions, at least 80% of its total net assets (including any funds borrowed for investment) will be allocated to equity securities, predominantly common stocks of these domestic businesses. Additionally, the fund maintains the flexibility to shift its assets into highly liquid holdings, such as cash, money market funds, or other short-term fixed income investments. This defensive move, potentially involving all or substantially all of its assets, would be undertaken either to protect investor capital or if the Adviser determines that there aren't enough suitable companies available for investment at a given time.
Ballast Small/Mid Cap ETF is most often compared with the following Financial Services names: