Argent Mid Cap ETF (NASDAQ:AMID) Shares Down 1.6% – What’s Next?

Argent Mid Cap ETF (NASDAQ:AMID)’s share price traded down 1.6% during trading on Friday . The company traded as low as $34.41 and last traded at $34.41. 8,382 shares traded hands during trading, a decline of 35% from the average session volume of 12,954 shares. The stock had previously closed at $34.98.

Argent Mid Cap ETF Trading Down 1.6%

The stock’s 50 day moving average price is $33.74 and its 200 day moving average price is $34.19. The company has a market capitalization of $105.64 million, a price-to-earnings ratio of -39.10 and a beta of 1.07.

Hedge Funds Weigh In On Argent Mid Cap ETF

An institutional investor recently raised its position in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC lifted its holdings in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,862 shares of the company’s stock after buying an additional 42,530 shares during the period. Argent Mid Cap ETF comprises 3.0% of Tandem Wealth Advisors LLC’s holdings, making the stock its 10th largest position. Tandem Wealth Advisors LLC owned approximately 5.88% of Argent Mid Cap ETF worth $6,082,000 as of its most recent SEC filing. 45.97% of the stock is currently owned by institutional investors.

Argent Mid Cap ETF Company Profile

The Argent Mid Cap ETF Argent Mid Cap ETF (AMID) is an exchange-traded fund that mostly invests in mid cap equity. The fund is an actively managed ETF that provides exposure to US mid-cap stocks perceived to be undergoing positive change. The fund employs a multi-step selection process based on quantitative and fundamental research. AMID was launched on Aug 17, 2022 and is managed by Alpha Architect.