Shares of Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM – Get Free Report) fell 0.7% during mid-day trading on Monday . The stock traded as low as $28.20 and last traded at $28.20. Approximately 5,903 shares were traded during mid-day trading, a decline of 89% from the average session volume of 55,088 shares. The stock had previously closed at $28.41.
Neuberger Berman Small-Mid Cap ETF Trading Down 0.7%
The stock’s 50 day moving average price is $27.39 and its 200 day moving average price is $26.72. The company has a market capitalization of $112.88 million, a price-to-earnings ratio of 26.86 and a beta of 0.77.
Institutional Investors Weigh In On Neuberger Berman Small-Mid Cap ETF
A number of large investors have recently added to or reduced their stakes in NBSM. Stage Harbor Financial LLC bought a new stake in Neuberger Berman Small-Mid Cap ETF in the 4th quarter valued at $5,610,000. Bank of America Corp DE increased its holdings in Neuberger Berman Small-Mid Cap ETF by 49.1% in the 2nd quarter. Bank of America Corp DE now owns 190,347 shares of the company’s stock worth $4,766,000 after purchasing an additional 62,688 shares in the last quarter. Royal Bank of Canada acquired a new position in shares of Neuberger Berman Small-Mid Cap ETF in the first quarter valued at approximately $1,288,000. Broadway Wealth Solutions Inc. increased its position in Neuberger Berman Small-Mid Cap ETF by 52.3% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 114,302 shares of the company’s stock valued at $2,885,000 after acquiring an additional 39,233 shares during the period. Finally, Raymond James Financial Inc. raised its position in Neuberger Berman Small-Mid Cap ETF by 20.8% during the 2nd quarter. Raymond James Financial Inc. now owns 173,905 shares of the company’s stock worth $4,355,000 after purchasing an additional 29,995 shares during the last quarter.
About Neuberger Berman Small-Mid Cap ETF
The Neuberger Berman Small-Mid Cap ETF (NBSM) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, focusing on capital appreciation through investments in small- and mid-cap companies aligned with the Russell 2000 and Midcap Index. NBSM was launched on Mar 20, 2024 and is issued by Neuberger Berman.
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