Argent Mid Cap ETF (NASDAQ:AMID) Stock Price Down 1.6% – Time to Sell?

Argent Mid Cap ETF (NASDAQ:AMID) shares were down 1.6% on Friday . The company traded as low as $34.41 and last traded at $34.41. Approximately 8,382 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 12,954 shares. The stock had previously closed at $34.98.

Argent Mid Cap ETF Trading Down 1.6%

The stock’s fifty day moving average price is $33.74 and its two-hundred day moving average price is $34.19. The firm 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 position in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 182,862 shares of the company’s stock after purchasing an additional 42,530 shares during the period. Argent Mid Cap ETF comprises about 3.0% of Tandem Wealth Advisors LLC’s holdings, making the stock its 10th largest position. Tandem Wealth Advisors LLC owned 5.88% of Argent Mid Cap ETF worth $6,082,000 at the end of the most recent reporting period. Institutional investors own 45.97% of the company’s stock.

About Argent Mid Cap ETF

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.