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MGMT - ETF AI Analysis
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Ballast Small/Mid Cap ETF (MGMT)
Rating:66Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains over the past month, three months, and year-to-date, indicating positive recent momentum.
Winning Top Holdings
Most of the largest positions have delivered strong year-to-date gains, helping drive the fund’s overall results.
Broad Sector Mix
Holdings spread across many sectors, including industrials, technology, energy, and materials, help reduce reliance on any single industry.
Negative Factors
High Expense Ratio
The fund’s expense ratio is relatively high for an ETF, which can eat into investor returns over time.
U.S.-Only Exposure
With almost all assets in U.S. companies, the ETF offers little geographic diversification and is heavily tied to the U.S. economy.
Concentration in Smaller Companies
As a small/mid-cap strategy, the fund is more exposed to the higher volatility and business risk that often come with smaller companies.
MGMT vs. SPDR S&P 500 ETF (SPY)
AUM164.16M
RegionNorth America
Expense Ratio1.10%
Beta0.95
IssuerBallast
Inception DateDec 02, 2020
Dividend Yield0.33%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume10,832
30 Day Avg. Volume11,346
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
55.91Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering52
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MGMT Summary
The Ballast Small/Mid Cap ETF (MGMT) focuses on small and mid-sized U.S. companies in the “extended market,” meaning stocks outside the biggest, well-known large-cap names. It does not track a set index, but instead holds a mix of businesses across many sectors like industrials, technology, energy, and materials. Top holdings include companies such as Royal Gold and Cavco Industries. An investor might choose MGMT to seek long-term growth and add diversification beyond large-cap stocks. A key risk is that smaller companies can be more volatile, so the share price can move up and down more sharply 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 is leaning into U.S. small and mid-cap names tied to the real economy, with industrials, energy, and materials doing much of the heavy lifting. Royal Gold has been a standout, riding strong momentum in the mining space, while Turning Point Brands and AZZ are also rising and helping power the fund. Natural Resource Partners and Ecovyst add to the energy and materials tilt, though their stories are more mixed, occasionally tapping the brakes. Cavco Industries has been losing a bit of steam lately, slightly dampening otherwise solid overall performance.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Natural Resource PRN | 5.44% | $8.93M | $1.60B | 14.83% | 67 Neutral | |
| Climb Global Solutions | 3.24% | $5.32M | $387.15M | -29.49% | 73 Outperform | |
| Royal Gold | 3.18% | $5.21M | $23.90B | 83.86% | 78 Outperform | |
| AZZ | 2.94% | $4.83M | $3.75B | 41.38% | 79 Outperform | |
| Cavco Industries | 2.87% | $4.71M | $4.09B | 3.11% | 81 Outperform | |
| Ecovyst | 2.65% | $4.35M | $1.24B | 64.38% | 47 Neutral | |
| Turning Point Brands | 2.63% | $4.31M | $1.78B | 56.63% | 69 Neutral | |
| Brink's Company | 2.60% | $4.27M | $4.73B | 34.25% | 74 Outperform | |
| Federal Agricultural | 2.57% | $4.22M | $1.72B | -16.28% | 70 Outperform | |
| GPGI | 2.56% | $4.20M | $5.98B | 92.63% | 57 Neutral |
MGMT Technical Analysis
Negative
―
Price Trends
47.69
Negative
45.58
Positive
43.54
Positive
Market Momentum
-0.34
Positive
32.32
Neutral
15.47
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MGMT, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 48.54, equal to the 50-day MA of 47.69, and equal to the 200-day MA of 43.54, indicating a neutral trend. The MACD of -0.34 indicates Positive momentum. The RSI at 32.32 is Neutral, neither overbought nor oversold. The STOCH value of 15.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MGMT.
MGMT Peer Comparison
Comparison Results
Performance Comparison
MGMT
Ballast Small/Mid Cap ETF
45.91
7.46
19.40%
MSSM
Morgan Stanley Pathway Small-Mid Cap Equity ETF
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RSMC
Rockefeller U.S. Small-Mid Cap ETF
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GRNJ
Fundstrat Granny Shots US Small- & Mid-Cap ETF
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NBSM
Neuberger Berman Small-Mid Cap ETF
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SMIZ
Zacks Small/Mid Cap ETF
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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.
Disclaimer
This 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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