Shares of Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM – Get Free Report) shot up 0.6% during trading on Wednesday . The stock traded as high as $29.61 and last traded at $29.43. 7,638 shares traded hands during trading, a decline of 85% from the average session volume of 49,438 shares. The stock had previously closed at $29.24.
Neuberger Berman Small-Mid Cap ETF Stock Up 0.3%
The stock has a market cap of $119.11 million, a price-to-earnings ratio of 26.86 and a beta of 0.77. The company’s fifty day moving average is $28.46 and its two-hundred day moving average is $27.12.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Broadway Wealth Solutions Inc. lifted its stake in Neuberger Berman Small-Mid Cap ETF by 52.3% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 114,302 shares of the company’s stock worth $2,885,000 after purchasing an additional 39,233 shares during the last quarter. Royal Bank of Canada acquired a new position in shares of Neuberger Berman Small-Mid Cap ETF in the first quarter worth $1,288,000. Stage Harbor Financial LLC purchased a new position in Neuberger Berman Small-Mid Cap ETF in the fourth quarter valued at about $5,610,000. Susquehanna International Group LLP raised its stake in shares of Neuberger Berman Small-Mid Cap ETF by 77.5% during the 3rd quarter. Susquehanna International Group LLP now owns 17,805 shares of the company’s stock worth $451,000 after purchasing an additional 7,776 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Neuberger Berman Small-Mid Cap ETF by 15.6% during the 3rd quarter. Bank of America Corp DE now owns 220,114 shares of the company’s stock valued at $5,575,000 after buying an additional 29,767 shares during the last quarter.
Neuberger Berman Small-Mid Cap ETF Company Profile
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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