Insiders Buy the Holdings of MGMT ETF

The Ballast Small/Mid Cap ETF (MGMT) has 14.8% of its holdings, on a weighted basis, showing insider buying within the last six months. Specifically, Bausch + Lomb Corporation (BLCO), representing 1.30% of the ETF, and America's Car-Mart Inc (CRMT), representing 1.20%, have seen recent insider purchases by directors and officers, signaling potential confidence in these companies' future performance.

Analysis

The Ballast Small/Mid Cap ETF (MGMT) exhibits a notable characteristic with 14.8% of its underlying holdings, on a weighted basis, having experienced insider buying within the past six months, a factor often seen as indicative of management's confidence in future performance. This trend is specifically highlighted by Form 4 filings for two of its holdings: Bausch + Lomb Corporation (BLCO) and America's Car-Mart Inc (CRMT). BLCO, which accounts for 1.30% of the ETF and is its #32 largest holding valued at $1,920,890, saw two insiders make purchases; Director Andrew C. Von Eschenbach acquired 1,695 shares at $11.76 on May 2, 2025, and CEO Brent L. Saunders bought 22,000 shares at $11.28 on May 22, 2025. Similarly, America's Car-Mart Inc (CRMT), the ETF's #37 largest holding representing 1.20% of total assets with a value of $1,778,489, also reported purchases by two directors: Jonathan Z. Buba acquired 100,000 shares at $43.84 on March 11, 2025, and Joshua G. Welch purchased 12,000 shares at $42.43 on March 10, 2025. These reported transactions, particularly the substantial capital deployed by CRMT insiders, underscore potential conviction from within these companies regarding their valuation or outlook, aligning with the moderately positive sentiment for MGMT and strong positive sentiment for both BLCO and CRMT.

Key Decisions for Investors

• The significant insider buying activity within Bausch + Lomb (BLCO) and America's Car-Mart (CRMT), and its notable presence across 14.8% of the Ballast Small/Mid Cap ETF (MGMT) holdings, should be considered a potentially bullish signal warranting further investigation into these specific equities and the ETF.
• Investors ought to integrate these insider transaction signals with comprehensive fundamental analysis and due diligence on BLCO and CRMT before making or adjusting investment positions.
• Ongoing monitoring of Form 4 filings for BLCO, CRMT, and other key constituents within the MGMT ETF is recommended to track continued insider sentiment and conviction levels, which can serve as timely indicators.