Argent Mid Cap ETF (NASDAQ:AMID) Shares Down 0.8% – Here’s Why

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

Argent Mid Cap ETF Stock Down 0.8%

The stock’s 50 day moving average is $35.23 and its two-hundred day moving average is $34.48. The company has a market capitalization of $111.73 million, a PE ratio of -41.09 and a beta of 1.02.

Hedge Funds Weigh In On Argent Mid Cap ETF

An institutional investor recently raised its stake 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% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,862 shares of the company’s stock after buying an additional 42,530 shares during the period. Argent Mid Cap ETF makes up 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 hedge funds and other institutional investors.

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.