MGMT - ETF AI Analysis
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Ballast Small/Mid Cap ETF (MGMT)
Rating:65Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Results
The ETF has delivered solid gains so far this year, showing that its strategy has recently been working well for investors.
Several Strong-Performing Top Holdings
A number of the largest positions, such as Ecovyst, Merchants Bancorp, Bel Fuse, and Geo Group, have shown strong performance, helping support the fund’s overall returns.
Broad Sector Diversification
Holdings are spread across many sectors, including industrials, energy, technology, materials, financials, and others, which helps reduce the impact if any one industry struggles.
Negative Factors
High Expense Ratio
The fund’s management fee is relatively high for an ETF, which can eat into long-term returns compared with lower-cost options.
Mixed Performance Among Top Holdings
Some key positions like Climb Global Solutions, Cavco Industries, and Federal Agricultural have shown weak or negative performance, which can drag on the fund’s results.
Heavy U.S. Market Exposure
With almost all assets invested in U.S. companies, the ETF offers little geographic diversification and is highly sensitive to the U.S. economy and market conditions.
MGMT vs. SPDR S&P 500 ETF (SPY)
AUM176.60M
RegionNorth America
Expense Ratio1.10%
Beta0.91
IssuerBallast
Inception DateDec 02, 2020
Dividend Yield0.32%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume10,373
30 Day Avg. Volume8,532
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
55.98Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering53
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, following an “extended market” theme. It spreads investments across many sectors, including industrials, energy, and technology, with holdings like Cavco Industries and Merchants Bancorp. Someone might consider this ETF to seek long-term growth and diversify beyond big, well-known stocks. However, because it invests in smaller companies and is concentrated in the U.S. market, its price can be more volatile and can go up and down sharply with market conditions.
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 into U.S. small and mid-caps with a clear tilt toward industrials, energy, and materials, so old-economy names are really steering the ship. Ecovyst and AZZ have been rising steadily, giving the fund a lift from the industrial and specialty materials side, while Bel Fuse has been a quiet standout in tech hardware. On the flip side, Natural Resource Partners has been lagging lately, and Climb Global Solutions and Cavco look more mixed, occasionally losing steam. Financials like Merchants Bancorp add a brighter spot, helping balance out the rougher patches.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Natural Resource PRN | 4.86% | $8.58M | $1.43B | 11.35% | 67 Neutral | |
| AZZ | 3.30% | $5.83M | $4.43B | 57.31% | 79 Outperform | |
| Ecovyst | 3.20% | $5.65M | $1.60B | 94.79% | 47 Neutral | |
| Bel Fuse Inc | 2.86% | $5.05M | $3.74B | 286.68% | 73 Outperform | |
| Climb Global Solutions | 2.83% | $4.99M | $358.55M | -29.77% | 73 Outperform | |
| Geo Group | 2.81% | $4.97M | $2.86B | -19.48% | 69 Neutral | |
| Federal Agricultural | 2.73% | $4.81M | $1.89B | -7.98% | 70 Outperform | |
| Capital Bancorp | 2.57% | $4.54M | $499.07M | -8.06% | 76 Outperform | |
| Turning Point Brands | 2.52% | $4.45M | $1.80B | 32.63% | 69 Neutral | |
| Merchants Bancorp | 2.51% | $4.42M | $2.10B | 38.79% | 72 Outperform |
MGMT Technical Analysis
Neutral
―
Price Trends
46.60
Positive
47.13
Negative
45.22
Positive
Market Momentum
0.20
Positive
42.85
Neutral
5.28
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MGMT, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 48.02, equal to the 50-day MA of 46.60, and equal to the 200-day MA of 45.22, indicating a neutral trend. The MACD of 0.20 indicates Positive momentum. The RSI at 42.85 is Neutral, neither overbought nor oversold. The STOCH value of 5.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MGMT.
MGMT Peer Comparison
Comparison Results
Performance Comparison
MGMT
Ballast Small/Mid Cap ETF
46.92
8.20
21.18%
RSMC
Rockefeller U.S. Small-Mid Cap ETF
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―
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MSSM
Morgan Stanley Pathway Small-Mid Cap Equity ETF
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―
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GRNJ
Fundstrat Granny Shots US Small- & Mid-Cap ETF
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SMIZ
Zacks Small/Mid Cap ETF
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NBSM
Neuberger Berman 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.
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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