Argent Mid Cap ETF (NASDAQ:AMID) Trading Down 0.8% – What’s Next?

Argent Mid Cap ETF (NASDAQ:AMID) shares dropped 0.8% during trading on Wednesday . The company traded as low as $36.16 and last traded at $36.16. Approximately 4,513 shares were traded during trading, a decline of 60% from the average daily volume of 11,420 shares. The stock had previously closed at $36.44.

Argent Mid Cap ETF Price Performance

The firm has a market capitalization of $110.22 million, a price-to-earnings ratio of -40.53 and a beta of 1.02. The business has a fifty day moving average price of $35.23 and a two-hundred day moving average price of $34.49.

Institutional Trading of Argent Mid Cap ETF

An institutional investor recently raised its position in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC boosted its holdings in shares of Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,862 shares of the company’s stock after purchasing an additional 42,530 shares during the period. Argent Mid Cap ETF comprises approximately 3.0% of Tandem Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. 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.