Ballast Small/Mid Cap ETF (MGMT)
Market Closed
1 Sep, 20:00
ARCA ARCA Primary $
50. 16
-0.72
-1.4151%
$
180.2M Market Cap
1.72% Div Yield
2,544 Volume
$ 50.88
Previous Close 
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MGMT: A High-Quality But Costly Micro-Cap Leaning ETF
Ballast Small/Mid Cap ETF is marketed as a small/mid-cap ETF, but 70% of its components have market caps below $3 billion, making it closer to a micro-cap play. A big drawback is the MGMT's 1.10% expense ratio. Like dividends, these fees compound, making it increasingly more difficult for long-term investors to justify the extra cost. However, I'm impressed with MGMT's quality features. Ballast's screening process for management teams is qualitative, but quantitatively, it's solid too, with 14% weighted average net margins and ROE.
Seekingalpha | 1 year ago
