Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) Stock Price Up 0.6% – Here’s Why

Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) shares traded up 0.6% on Friday . The company traded as high as $25.11 and last traded at $25.09. 72,479 shares were traded during trading, an increase of 192% from the average session volume of 24,812 shares. The stock had previously closed at $24.95.

Neuberger Berman Small-Mid Cap ETF Stock Up 0.6 %

The firm has a market capitalization of $216.53 million and a price-to-earnings ratio of 28.91. The company has a 50-day moving average price of $25.52 and a 200-day moving average price of $26.14.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NBSM. Jones Financial Companies Lllp acquired a new position in shares of Neuberger Berman Small-Mid Cap ETF during the fourth quarter valued at $73,000. Barrett & Company Inc. acquired a new stake in Neuberger Berman Small-Mid Cap ETF in the fourth quarter worth about $99,000. LPL Financial LLC bought a new position in Neuberger Berman Small-Mid Cap ETF in the 4th quarter valued at about $488,000. Bank of America Corp DE acquired a new position in Neuberger Berman Small-Mid Cap ETF during the 4th quarter valued at about $846,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Neuberger Berman Small-Mid Cap ETF during the 4th quarter worth about $3,715,000.

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.