Ballast Small/Mid Cap ETF
MGMT
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3879 Maple Ave, Suite 300 Dallas TX United States of America 75219
- IPO Date
- Dec 7, 2020
- CIK
- 0001199046
- Website
- mgmtetf.com
- Similar Companies
- Business
- Ballast Small/Mid Cap ETF (MGMT) is an actively managed exchange-traded fund that seeks to generate positive risk-adjusted returns by investing primarily in equity securities of small- and mid-cap U.S. companies led by exceptional management teams; the fund employs a downside-first investment process, evaluating potential loss scenarios before assessing upside potential, with a portfolio typically comprising 40-70 long equity positions in companies with market capitalizations between $100 million and $10 billion; it targets firms demonstrating high insider ownership, strong business judgment, alignment with shareholders, reliability, and an ownership mentality, across sectors such as industrials, basic materials, technology, financials, and consumer goods, including top holdings like Natural Resource Partners L.P., Climb Global Solutions, Inc., Bel Fuse Inc., Federal Agricultural Mortgage Corp., and Capital Bancorp, Inc. The ETF, which commenced operations on December 2, 2020, as a series of Unified Series Trust, is advised by Ballast Asset Management, LP, founded in 2015 to pursue a quality-first, valuation-oriented small- and mid-cap equity strategy rooted in principles developed since 2004; Ballast Asset Management maintains its primary operations in the United States, with the ETF distributed by Northern Lights Distributors, LLC. In recent developments, the fund maintained a contractual fee waiver reducing its annual operating expense ratio to 1.10% through January 31, 2025, declared an annual distribution of $0.2138 per share in late 2024, and experienced increased institutional interest in 2025 Q2, with 39 hedge funds and institutions holding $109 million in assets, reflecting four new positions opened and a 5% rise in holders amid portfolio adjustments by major players like CPC Consolidated Planning Corp and Stifel Financial. The fund focuses on U.S. domestic small- and mid-cap equities for individual and institutional investors seeking active management to outperform passive indices like the Russell 2500 Value Index through selective stock picking and risk mitigation.