MGMT - ETF AI Analysis
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Ballast Small/Mid Cap ETF (MGMT)
MGMT, the Ballast Small/Mid Cap ETF, earns a solid overall rating largely because several core holdings like Cavco Industries and AZZ show strong financial performance, healthy balance sheets, and positive business momentum, which support the fund’s quality. At the same time, weaker positions such as Kosmos Energy and Ecovyst, which face financial and technical challenges, weigh on the rating and highlight the main risk: exposure to smaller companies where results can be more volatile and uneven across holdings.
MGMT vs. SPDR S&P 500 ETF (SPY)
- AUM
- 164.38M
- Region
- North America
- Expense Ratio
- 1.10%
- Beta
- 0.87
- Issuer
- Ballast
- Inception Date
- Dec 02, 2020
- Dividend Yield
- 0.31%
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
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 into U.S. small and mid caps, with a quirky mix of energy, tech, and financial names steering returns. Kosmos Energy has been a powerful engine lately, giving the fund a boost, while Consensus Cloud Solutions and Merchants Bancorp are also rising and adding some tech and banking flair. Climb Global Solutions has been another bright spot, helping the technology sleeve pull its weight. On the flip side, Ecovyst and Cavco Industries are lagging, acting like small anchors on an otherwise nimble, domestically focused portfolio.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 NRP | Natural Resource PRN | 4.90% | $8.00M | $1.49B | 7.30% | 67Neutral |
 CLMB | Climb Global Solutions | 4.48% | $7.30M | $594.53M | -4.80% | 73Outperform |
 CBNK | Capital Bancorp | 3.23% | $5.27M | $644.94M | 38.40% | 76Outperform |
 AGM | Federal Agricultural | 3.07% | $5.01M | $2.15B | 31.38% | 70Outperform |
 AZZ | AZZ | 2.90% | $4.73M | $3.88B | 30.54% | 79Outperform |
 PAYS | Paysign | 2.59% | $4.22M | $835.64M | 168.12% | 70Outperform |
 CVCO | Cavco Industries | 2.64% | $4.30M | $4.01B | -3.42% | 81Outperform |
 G | Genpact | 2.63% | $4.29M | $6.23B | -4.34% | 78Outperform |
 MBIN | Merchants Bancorp | 2.64% | $4.30M | $2.24B | 56.24% | 72Outperform |
 KOS | Kosmos Energy | 2.72% | $4.44M | $1.66B | 90.41% | 47Neutral |
MGMT Technical Analysis
Price Trends
Market Momentum
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 48.64 is below the 20-day moving average (MA) of 49.12, below the 50-day MA of 50.25, and below the 200-day MA of 48.71, indicating a bearish trend. The MACD of -0.33 indicates Negative momentum. The RSI at 40.38 is Neutral, neither overbought nor oversold. The STOCH value of 34.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MGMT.
MGMT Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| MGMT | $48.64 | $53.00(8.96% Upside) | $164.38M | 1.10% | 66Neutral |
 RSMC | $27.16 | $36.13(33.00% Upside) | $740.50M | 0.75% | 69Neutral |
 MSSM | $56.12 | $73.18(30.40% Upside) | $685.85M | 0.62% | 64Neutral |
 GRNJ | $26.72 | $40.01(49.73% Upside) | $466.01M | 0.75% | 69Neutral |
 SMIZ | $40.66 | $49.67(22.17% Upside) | $276.57M | 0.55% | 68Neutral |
 ASCE | $32.32 | $42.91(32.77% Upside) | $269.45M | 0.38% | 71Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| MGMT | Ballast Small/Mid Cap ETF | 48.64 | 5.24 | 12.07% | |
| RSMC | Rockefeller U.S. Small-Mid Cap ETF | 27.16 | 1.08 | 4.15% | |
| MSSM | Morgan Stanley Pathway Small-Mid Cap Equity ETF | 56.12 | 6.29 | 12.62% | |
| GRNJ | Fundstrat Granny Shots US Small- & Mid-Cap ETF | 26.72 | 2.42 | 9.96% | |
| SMIZ | Zacks Small/Mid Cap ETF | 40.66 | 3.49 | 9.40% | |
| ASCE | Allspring SMID Core ETF | 32.32 | 6.30 | 24.19% |
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.