Argent Mid Cap ETF (NASDAQ:AMID) Trading Up 1.9% – Still a Buy?

Argent Mid Cap ETF (NASDAQ:AMID) rose 1.9% on Tuesday . The stock traded as high as $34.30 and last traded at $34.30. Approximately 2,863 shares changed hands during trading, a decline of 76% from the average daily volume of 12,153 shares. The stock had previously closed at $33.67.

Argent Mid Cap ETF Price Performance

The firm has a fifty day simple moving average of $34.07 and a two-hundred day simple moving average of $33.76. The firm has a market capitalization of $109.42 million, a P/E ratio of -38.98 and a beta of 1.08.

Institutional Investors Weigh In On Argent Mid Cap ETF

A hedge fund recently raised its stake in Argent Mid Cap ETF stock. Tandem Wealth Advisors LLC boosted its position in Argent Mid Cap ETF (NASDAQ:AMID) by 30.3% during the second quarter, according to its most recent 13F 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 accounts for approximately 3.0% of Tandem Wealth Advisors LLC’s portfolio, making the stock its 10th largest holding. Tandem Wealth Advisors LLC owned approximately 5.88% of Argent Mid Cap ETF worth $6,082,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.