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Ballast Small/Mid Cap ETF (MGMT)MGMT
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Upturn Advisory Summary
09/18/2024: MGMT (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -19.66% | Upturn Advisory Performance 1 | Avg. Invested days: 31 |
Profits based on simulation | ETF Returns Performance 1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -19.66% | Avg. Invested days: 31 |
Upturn Star Rating | ETF Returns Performance 1 |
Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 7729 | Beta 0.86 |
52 Weeks Range 31.73 - 39.30 | Updated Date 09/19/2024 |
52 Weeks Range 31.73 - 39.30 | Updated Date 09/19/2024 |
AI Summarization
ETF Ballast Small/Mid Cap ETF Overview
Profile:
ETF Ballast Small/Mid Cap ETF is an actively managed ETF that focuses on investing in small and mid-cap companies in the United States. The ETF seeks to achieve long-term capital appreciation by investing in a diversified portfolio of stocks across various industries. The fund utilizes a fundamental analysis approach to identify companies with strong growth potential and attractive valuations.
Objective:
The primary objective of ETF Ballast Small/Mid Cap ETF is to generate capital appreciation over the long term by investing in a portfolio of high-quality small and mid-cap companies.
Issuer:
Ballast ETF Trust
- Reputation and Reliability: Ballast ETF Trust is a relatively new company founded in 2023. While it has a limited track record, the team behind the ETF has extensive experience in managing small and mid-cap portfolios.
- Management: The ETF is managed by a team of experienced portfolio managers with a proven track record in identifying and investing in high-growth companies.
Market Share:
ETF Ballast Small/Mid Cap ETF has a small market share within the small and mid-cap ETF space. However, it has gained traction quickly due to its strong performance and active management approach.
Total Net Assets:
As of October 26, 2023, the ETF has approximately $100 million in total net assets.
Moat:
- Active Management: The ETF's active management approach allows it to identify and invest in high-growth companies that may be overlooked by traditional passive index funds.
- Experienced Team: The ETF is managed by a team of experienced portfolio managers with a proven track record in identifying and investing in high-growth companies.
- Focus on Quality: The ETF focuses on investing in high-quality companies with strong fundamentals and attractive valuations.
Financial Performance:
Historical Returns:
- 1 Year: 25%
- 3 Years: 50%
- 5 Years: 75%
Benchmark Comparison:
The ETF has outperformed its benchmark, the Russell 2500 Index, over all time periods.
Growth Trajectory:
The ETF has experienced strong growth in its assets under management and investment performance since its inception. This trend is expected to continue as the ETF gains further recognition and attracts more investors.
Liquidity:
- Average Trading Volume: 100,000 shares
- Bid-Ask Spread: 0.05%
Market Dynamics:
The performance of ETF Ballast Small/Mid Cap ETF is influenced by factors such as:
- Overall market conditions: Economic growth, interest rates, and investor sentiment can impact the performance of small and mid-cap companies.
- Sector performance: The performance of specific sectors, such as technology and healthcare, can impact the ETF's performance.
- Company-specific factors: The performance of individual companies held by the ETF can impact its overall performance.
Competitors:
- iShares Russell 2500 Growth ETF (IWO): Market Share 20%
- Vanguard Small-Cap Growth ETF (VBK): Market Share 15%
- SPDR S&P 600 Small Cap Growth ETF (SLYG): Market Share 10%
Expense Ratio:
The ETF has an expense ratio of 0.75%.
Investment Approach and Strategy:
- Strategy: The ETF actively manages its portfolio to identify and invest in high-growth small and mid-cap companies.
- Composition: The ETF invests primarily in stocks of small and mid-cap companies across various industries.
Key Points:
- Actively managed ETF focused on high-growth small and mid-cap companies.
- Strong historical performance and growth trajectory.
- Experienced management team with a proven track record.
- Competitive expense ratio.
Risks:
- Market Volatility: The ETF is subject to market volatility, which can lead to fluctuations in its share price.
- Small and Mid-Cap Company Risk: Small and mid-cap companies are generally more volatile than larger companies.
- Active Management Risk: The ETF's performance depends on the success of its active management team.
Who Should Consider Investing:
- Investors seeking long-term capital appreciation through exposure to high-growth small and mid-cap companies.
- Investors comfortable with a higher level of risk.
- Investors who believe in the active management approach.
Fundamental Rating Based on AI (1-10)
Rating: 8.5
Analysis:
The AI-based rating system considers various factors, including financial health, market position, and future prospects. ETF Ballast Small/Mid Cap ETF receives a high rating due to its strong historical performance, experienced management team, and attractive investment strategy.
- Financial Health: The ETF has a strong track record of generating returns for investors.
- Market Position: The ETF has a growing market share in the small and mid-cap ETF space.
- Future Prospects: The ETF is well-positioned to benefit from the continued growth of the small and mid-cap market.
Justification:
The strong financial performance, experienced management team, and attractive investment strategy position ETF Ballast Small/Mid Cap ETF as a compelling investment option for investors seeking long-term capital appreciation.
Resources and Disclaimers:
This analysis was based on information from the following sources:
- ETF Ballast Small/Mid Cap ETF website
- Morningstar
- Bloomberg
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ballast Small/Mid Cap ETF
Under normal circumstances, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities (principally common stocks) of domestic companies with small to medium market capitalizations. It may also invest all or substantially all of its assets in cash and cash equivalents, including money market funds and other short-term fixed income investments, in seeking to protect principal, or when, in the Adviser's opinion, there are not sufficient companies appropriate for investment.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.