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MGMT - ETF AI Analysis
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Ballast Small/Mid Cap ETF (MGMT)
Rating:65Neutral
Price Target:
$46.00
Positive Factors
Strong Top Holdings
Several key holdings, such as Bel Fuse Inc and Solaris Energy Infrastructure, have delivered strong year-to-date performance, supporting the ETF's overall returns.
Sector Diversification
The ETF is spread across ten sectors, including Industrials, Technology, and Energy, reducing reliance on any single industry.
Steady Long-Term Performance
The ETF has shown solid three-month and year-to-date performance, indicating resilience over time.
Negative Factors
High Expense Ratio
The ETF charges a relatively high expense ratio, which can eat into investor returns compared to lower-cost alternatives.
Underperforming Holdings
Some top holdings, like Natural Resource PRN and Federal Agricultural, have lagged year-to-date, potentially dragging on overall performance.
Limited Geographic Exposure
With nearly all assets concentrated in U.S. companies, the ETF lacks diversification across global markets.
MGMT vs. SPDR S&P 500 ETF (SPY)
AUM151.38M
RegionNorth America
Expense Ratio1.10%
Beta0.95
IssuerBallast
Inception DateDec 02, 2020
Dividend Yield0.49%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume7,712
30 Day Avg. Volume11,111
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
53.07Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering56
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 companies in the U.S., offering investors a chance to diversify beyond large-cap stocks. It includes businesses from various sectors like technology, energy, and industrials, with top holdings such as Natural Resource Partners and Climb Global Solutions. This ETF is ideal for those seeking growth potential from smaller companies that often drive innovation and economic expansion. However, new investors should be aware that small and mid-cap stocks can be more volatile than larger companies, meaning their value can fluctuate significantly 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
The Ballast Small/Mid Cap ETF is leaning heavily on industrials and technology, with names like Bel Fuse and Solaris Energy Infrastructure driving recent gains thanks to their strong revenue growth and bullish momentum. Cavco Industries has also been a steady contributor, showcasing operational efficiency and moderate valuation. However, financials like Capital Bancorp and Federal Agricultural are lagging, weighed down by bearish trends and declining revenue growth. With its focus on U.S.-based small and mid-cap stocks, the fund offers a dynamic mix of innovation and volatility, but some holdings are struggling to keep pace.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Natural Resource PRN | 5.09% | $7.71M | $1.39B | -5.18% | 67 Neutral | |
| Climb Global Solutions | 4.19% | $6.35M | $509.92M | -10.41% | 73 Outperform | |
| Bel Fuse Inc | 3.27% | $4.94M | $1.99B | 103.77% | 74 Outperform | |
| Cavco Industries | 3.25% | $4.92M | $4.50B | 18.96% | 75 Outperform | |
| Turning Point Brands | 3.09% | $4.68M | $1.96B | 93.60% | 67 Neutral | |
| CompoSecure | 2.81% | $4.25M | $2.59B | 48.69% | 59 Neutral | |
| Federal Agricultural | 2.76% | $4.18M | $1.75B | -23.71% | 68 Neutral | |
| Solaris Energy Infrastructure | 2.65% | $4.01M | $3.43B | 180.56% | 70 Outperform | |
| Brink's Company | 2.63% | $3.98M | $4.68B | 13.61% | 68 Neutral | |
| Capital Bancorp | 2.57% | $3.89M | $463.84M | -2.95% | 67 Neutral |
MGMT Technical Analysis
Positive
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Price Trends
43.72
Negative
42.63
Positive
40.72
Positive
Market Momentum
-0.15
Negative
49.99
Neutral
62.90
Neutral
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 43.34, equal to the 50-day MA of 43.72, and equal to the 200-day MA of 40.72, indicating a neutral trend. The MACD of -0.15 indicates Negative momentum. The RSI at 49.99 is Neutral, neither overbought nor oversold. The STOCH value of 62.90 is Neutral, 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
43.35
1.43
3.41%
CGMM
Capital Group U.S. Small and Mid Cap ETF
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RSMC
Rockefeller U.S. Small-Mid Cap ETF
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MSSM
Morgan Stanley Pathway Small-Mid Cap Equity ETF
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SDVD
FT Cboe Vest SMID Rising Dividend Achievers Target Income 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.
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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