Virtus KAR Mid-Cap ETF $KMID Stake Boosted by Allegheny Financial Group

Allegheny Financial Group lifted its holdings in Virtus KAR Mid-Cap ETF (NYSEARCA:KMID) by 125.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 158,500 shares of the company’s stock after buying an additional 88,317 shares during the quarter. Virtus KAR Mid-Cap ETF makes up 0.7% of Allegheny Financial Group’s portfolio, making the stock its 22nd biggest position. Allegheny Financial Group owned approximately 0.13% of Virtus KAR Mid-Cap ETF worth $3,910,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KMID. Steward Partners Investment Advisory LLC bought a new stake in Virtus KAR Mid-Cap ETF in the second quarter valued at $38,000. CLG LLC bought a new stake in shares of Virtus KAR Mid-Cap ETF during the 2nd quarter worth about $1,657,000. Keystone Financial Services LLC raised its holdings in Virtus KAR Mid-Cap ETF by 5.6% during the second quarter. Keystone Financial Services LLC now owns 170,156 shares of the company’s stock worth $4,266,000 after purchasing an additional 8,990 shares in the last quarter. Finally, New Insight Wealth Advisors raised its stake in shares of Virtus KAR Mid-Cap ETF by 4.7% in the 3rd quarter. New Insight Wealth Advisors now owns 237,737 shares of the company’s stock worth $5,865,000 after buying an additional 10,593 shares in the last quarter.

Virtus KAR Mid-Cap ETF Trading Down 0.8%

Shares of NYSEARCA KMID opened at $25.57 on Wednesday. The firm has a 50-day moving average of $25.00 and a two-hundred day moving average of $24.67. Virtus KAR Mid-Cap ETF has a twelve month low of $20.88 and a twelve month high of $25.92. The company has a market capitalization of $40.91 million, a price-to-earnings ratio of 30.72 and a beta of -1.27.

About Virtus KAR Mid-Cap ETF

The Virtus KAR Mid-Cap ETF (KMID) is an exchange-traded fund that mostly invests in mid cap equity. The fund is actively managed, investing in mid-cap companies with sustainable advantages, strong management, and low financial risk, primarily focusing on US stocks. The fund aims for long-term growth of capital. KMID was launched on Oct 15, 2024 and is issued by Virtus Investment Partners.