MGMT - ETF AI Analysis
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Ballast Small/Mid Cap ETF (MGMT)
Rating:66Neutral
Price Target:―
Positive Factors
Solid Recent Performance
The fund has shown strong gains so far this year and steady results over the last few months, indicating positive momentum.
Broad Sector Diversification
Holdings are spread across many sectors like industrials, technology, energy, financials, and materials, which helps reduce the impact of weakness in any single industry.
Multiple Strong Top Holdings
Several of the largest positions, such as AZZ, Landstar System, Merchants Bancorp, and Ecovyst, have delivered strong year-to-date performance that supports the fund’s overall returns.
Negative Factors
High Expense Ratio
The fund charges relatively high annual fees, which can eat into investor returns over time compared with lower-cost ETFs.
Concentration in U.S. Stocks
Almost all of the fund’s assets are invested in U.S. companies, offering little geographic diversification if the U.S. market weakens.
Mixed Performance Among Top Holdings
A few key positions, including Natural Resource PRN, Climb Global Solutions, and Cavco Industries, have shown weak year-to-date performance that may drag on the fund.
MGMT vs. SPDR S&P 500 ETF (SPY)
AUM174.36M
RegionNorth America
Expense Ratio1.10%
Beta0.91
IssuerBallast
Inception DateDec 02, 2020
Dividend Yield0.3%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume12,887
30 Day Avg. Volume9,831
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
58.48Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering55
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MGMT Summary
The Ballast Small/Mid Cap ETF (MGMT) is an actively managed fund that focuses on smaller and mid-sized U.S. companies outside the usual large‑cap indexes, often called the “extended market.” It spreads investments across many sectors, including industrials, technology, energy, and financials. Some of its better-known holdings include Landstar System and Brink’s Company. An investor might choose this ETF to add diversification and potential growth from up‑and‑coming businesses that aren’t in the big-name indexes. However, because it invests in smaller companies, the share price can be more volatile and may move up and down more than the overall market.
How much will it cost me?The Ballast Small/Mid Cap ETF (MGMT) has an expense ratio of 1.1%, meaning you’ll pay $11 per year for every $1,000 invested. This is higher than average because it is actively managed, which typically involves more research and trading compared to passively managed funds that track an index.
What would affect this ETF?The Ballast Small/Mid Cap ETF (MGMT) could benefit from economic growth and innovation in sectors like technology and industrials, which make up a significant portion of its holdings. However, it may face challenges during periods of economic uncertainty or rising interest rates, which can negatively impact smaller companies and sectors like financials and consumer cyclical. Additionally, its focus on U.S. small and mid-cap stocks means it is sensitive to domestic economic conditions and regulatory changes.
MGMT Top 10 Holdings
MGMT leans heavily into U.S. small and mid-cap industrials, energy, and financials, with a few standout names steering the ship. Landstar System and AZZ have been rising, giving the fund a solid industrial backbone, while Merchants Bancorp and Federal Agricultural add steady financial strength. Kosmos Energy has been a powerful but volatile engine, helping performance when energy sentiment improves. On the weaker side, Natural Resource Partners has been lagging, and Cavco Industries looks mixed, occasionally losing steam. Overall, the fund is domestically focused, with no big-tech dominance and a clear tilt toward cyclical, real-economy businesses.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Natural Resource PRN | 4.11% | $7.17M | $1.30B | -2.16% | 67 Neutral | |
| Climb Global Solutions | 3.44% | $6.01M | $473.48M | 2.82% | 73 Outperform | |
| AZZ | 3.23% | $5.64M | $4.50B | 36.66% | 79 Outperform | |
| Federal Agricultural | 3.04% | $5.30M | $2.21B | 19.30% | 70 Outperform | |
| Capital Bancorp | 2.84% | $4.95M | $588.49M | 5.52% | 76 Outperform | |
| Cavco Industries | 2.77% | $4.83M | $4.39B | 36.48% | 81 Outperform | |
| Ecovyst | 2.72% | $4.74M | $1.36B | 38.60% | 47 Neutral | |
| Landstar System | 2.62% | $4.57M | $6.80B | 40.41% | 67 Neutral | |
| Merchants Bancorp | 2.48% | $4.33M | $2.19B | 37.47% | 72 Outperform | |
| Kosmos Energy | 2.48% | $4.33M | $1.56B | 18.47% | 47 Neutral |
MGMT Technical Analysis
Positive
―
Price Trends
49.37
Positive
48.00
Positive
46.69
Positive
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MGMT, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 50.38, equal to the 50-day MA of 49.37, and equal to the 200-day MA of 46.69, indicating a bullish trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MGMT.
MGMT Peer Comparison
Comparison Results
Performance Comparison
MGMT
Ballast Small/Mid Cap ETF
50.74
9.30
22.44%
RSMC
Rockefeller U.S. Small-Mid Cap ETF
―
―
―
MSSM
Morgan Stanley Pathway Small-Mid Cap Equity ETF
―
―
―
GRNJ
Fundstrat Granny Shots US Small- & Mid-Cap ETF
―
―
―
SMIZ
Zacks Small/Mid Cap ETF
―
―
―
RNIN
Bushido Capital US SMID Cap Equity ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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