Neuberger Berman Small-Mid Cap ETF Price & Performance (NBSM)

The Neuberger Berman Small-Mid Cap ETF experienced unusually high trading activity, with over 483,000 shares exchanged, far surpassing its three-month average of 25,000. While Tractor Supply and Alliant Energy showed strong performances, Haemonetics lagged behind. Manhattan Associates emerged as the top performer, gaining 2.4% during Monday's session.1

The Toro Company reported a 1% year-over-year decline in Q1 sales, reaching $995 million and missing estimates. Residential segment sales dropped 8%, while the professional segment saw modest growth. Increased material costs and higher promotions weighed on profitability, though adjusted EPS of $0.65 surpassed expectations.2

Neuberger Berman's small-cap team leverages its extensive expertise to gain a competitive edge. With 12 members averaging over 20 years of experience, the team conducts in-depth analyses, including 400 annual meetings with management teams. Their strategy focuses on long-term growth, emphasizing quality metrics and sustainable business models.3