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

Institutional Trading of Argent Mid Cap ETF

A hedge fund recently raised its stake in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC raised its position in Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 182,862 shares of the company’s stock after acquiring an additional 42,530 shares during the period. Argent Mid Cap ETF makes up 3.0% of Tandem Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Tandem Wealth Advisors LLC owned 5.88% of Argent Mid Cap ETF worth $6,082,000 at the end of the most recent quarter. 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.