MGMT - ETF AI Analysis
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Ballast Small/Mid Cap ETF (MGMT)
Rating:67Neutral
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)
AUM179.11M
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. Volume4,609
30 Day Avg. Volume9,494
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
57.38Price 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 noticeable tilt toward industrials and financials rather than the usual Big Tech headliners. Bel Fuse, AZZ, and Landstar System have been doing the heavy lifting lately, with their shares steadily climbing and giving the fund a solid industrial backbone. On the flip side, Natural Resource Partners has been losing steam, and Climb Global Solutions has delivered mixed results, acting more like a speed bump than a growth engine. Overall, performance is being driven by a handful of rising niche operators in the U.S. heartland.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Natural Resource PRN | 4.16% | $7.44M | $1.34B | 5.03% | 67 Neutral | |
| AZZ | 3.27% | $5.86M | $4.72B | 78.04% | 79 Outperform | |
| Climb Global Solutions | 3.03% | $5.41M | $422.34M | -15.11% | 73 Outperform | |
| Cavco Industries | 2.97% | $5.31M | $4.64B | 43.30% | 81 Outperform | |
| Bel Fuse Inc | 2.91% | $5.20M | $4.15B | 226.15% | 73 Outperform | |
| Federal Agricultural | 2.81% | $5.03M | $1.95B | -5.21% | 70 Outperform | |
| Capital Bancorp | 2.75% | $4.92M | $541.90M | 3.37% | 76 Outperform | |
| Landstar System | 2.72% | $4.87M | $7.04B | 49.38% | 67 Neutral | |
| Ecovyst | 2.67% | $4.78M | $1.40B | 58.35% | 47 Neutral | |
| Merchants Bancorp | 2.61% | $4.67M | $2.25B | 54.16% | 72 Outperform |
MGMT Technical Analysis
Positive
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Price Trends
48.63
Positive
47.77
Positive
46.16
Positive
Market Momentum
0.63
Negative
65.24
Neutral
88.69
Negative
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 49.69, equal to the 50-day MA of 48.63, and equal to the 200-day MA of 46.16, indicating a bullish trend. The MACD of 0.63 indicates Negative momentum. The RSI at 65.24 is Neutral, neither overbought nor oversold. The STOCH value of 88.69 is Negative, 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
50.59
9.07
21.84%
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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GRNJ
Fundstrat Granny Shots US Small- & Mid-Cap ETF
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SMIZ
Zacks Small/Mid Cap ETF
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RNIN
Bushido Capital US SMID Cap Equity 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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