Royal Bank of Canada Invests $1.29 Million in Neuberger Berman Small-Mid Cap ETF $NBSM

Royal Bank of Canada acquired a new stake in Neuberger Berman Small-Mid Cap ETF (NYSEARCA:NBSM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 51,110 shares of the company’s stock, valued at approximately $1,288,000. Royal Bank of Canada owned about 0.61% of Neuberger Berman Small-Mid Cap ETF at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Stage Harbor Financial LLC acquired a new stake in shares of Neuberger Berman Small-Mid Cap ETF in the 4th quarter worth $5,610,000. Bank of America Corp DE boosted its position in shares of Neuberger Berman Small-Mid Cap ETF by 49.1% during the 2nd quarter. Bank of America Corp DE now owns 190,347 shares of the company’s stock valued at $4,766,000 after acquiring an additional 62,688 shares during the last quarter. Broadway Wealth Solutions Inc. grew its holdings in shares of Neuberger Berman Small-Mid Cap ETF by 52.3% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 114,302 shares of the company’s stock valued at $2,885,000 after purchasing an additional 39,233 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Neuberger Berman Small-Mid Cap ETF by 20.8% in the second quarter. Raymond James Financial Inc. now owns 173,905 shares of the company’s stock valued at $4,355,000 after purchasing an additional 29,995 shares during the period. Finally, HighTower Advisors LLC increased its position in Neuberger Berman Small-Mid Cap ETF by 43.4% during the fourth quarter. HighTower Advisors LLC now owns 44,171 shares of the company’s stock worth $1,115,000 after purchasing an additional 13,377 shares during the last quarter.

Neuberger Berman Small-Mid Cap ETF Price Performance

Shares of NBSM stock opened at $29.31 on Friday. The firm’s 50-day moving average is $28.42 and its two-hundred day moving average is $27.11. Neuberger Berman Small-Mid Cap ETF has a 12 month low of $24.31 and a 12 month high of $29.61. The company has a market capitalization of $118.71 million, a PE ratio of 26.86 and a beta of 0.77.

Neuberger Berman Small-Mid Cap ETF 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.