Allegheny Financial Group Raises Position in Virtus KAR Mid-Cap ETF $KMID

Allegheny Financial Group increased its holdings in shares of Virtus KAR Mid-Cap ETF (NYSEARCA:KMID) by 125.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 accounts for about 0.7% of Allegheny Financial Group’s portfolio, making the stock its 22nd largest position. Allegheny Financial Group owned approximately 12.68% of Virtus KAR Mid-Cap ETF worth $3,910,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in KMID. Steward Partners Investment Advisory LLC purchased a new stake in Virtus KAR Mid-Cap ETF in the second quarter valued at about $38,000. Keystone Financial Services LLC increased its holdings in shares of 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 valued at $4,266,000 after acquiring an additional 8,990 shares in the last quarter. CLG LLC purchased a new position in shares of Virtus KAR Mid-Cap ETF in the 2nd quarter valued at approximately $1,657,000. Finally, New Insight Wealth Advisors raised its position 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 valued at $5,865,000 after purchasing an additional 10,593 shares during the last quarter.

Virtus KAR Mid-Cap ETF Stock Down 0.8%

KMID stock opened at $25.57 on Wednesday. The stock has a market capitalization of $40.91 million, a PE ratio of 30.72 and a beta of -1.27. Virtus KAR Mid-Cap ETF has a 52 week low of $20.88 and a 52 week high of $25.92. The firm has a 50 day moving average of $25.00 and a 200 day moving average of $24.67.

Virtus KAR Mid-Cap ETF Profile

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.