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the Fund s investment adviser (the Adviser ), seeks to achieve positive risk adjusted returns, meaning positive rates of return after adjustment for the amount of risk taken, by investing primarily in equity securities of small and midsize U.S. companies that the Adviser believes are underpriced due to misperception of future earnings growth relative to the Adviser s expectations for growth over the long-term. The Adviser considers small capitalization and mid capitalization companies to be those with market capitalizations between $100 million and $15 billion at the time of the initial purchase. The Fund may invest in companies in any economic sector. The Adviser, which actively manages the Fund, emphasizes investments in high quality, financially sound companies that have the ability to execute their business plans in both favorable and unfavorable environments leading to outperformance over the long term. In identifying investments, the Adviser evaluates the company as a whole, including (1) whether management teams have demonstrated successful operation of their businesses in unfavorable and favorable market environments; (2) balance sheets; (3) cash flow; and (4) return on capital.
Ballast Small/Mid Cap ETF trades on the ARCA stock market under the symbol MGMT.
As of March 27, 2026, MGMT stock price declined to $44.63 with 11,910 million shares trading.
MGMT has a market cap of $159.57 million. This is considered a Micro Cap stock.
In the last 3 years, MGMT traded as high as $50.23 and as low as $31.81.
MGMT has outperformed the market in the last year with a price return of +14.3% while the SPY ETF gained +12.8%. MGMT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning -0.9% and 0.0%, respectively, while the SPY returned -7.9% and -4.5%, respectively.
MGMT support price is $44.16 and resistance is $46.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MGMT shares will trade within this expected range on the day.
