Argent Mid Cap ETF (NASDAQ:AMID) Stock Jumps 0.3% – Here’s Why

Argent Mid Cap ETF (NASDAQ:AMID) shares shot up 0.3% during mid-day trading on Monday. The company traded as high as $36.39 and last traded at $36.02. Approximately 4,277 shares were traded during trading, a decline of 60% from the average session volume of 10,689 shares. The stock had previously closed at $35.93.

Argent Mid Cap ETF Stock Performance

The firm has a market cap of $120.64 million, a P/E ratio of -41.54 and a beta of 1.02. The firm has a 50 day simple moving average of $36.44 and a 200 day simple moving average of $35.32.

Hedge Funds Weigh In On Argent Mid Cap ETF

An institutional investor recently bought a new stake in Argent Mid Cap ETF stock. Argent Capital Management LLC bought a new position in Argent Mid Cap ETF (NASDAQ:AMID) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,915 shares of the company’s stock, valued at approximately $433,000. Argent Capital Management LLC owned approximately 0.37% of Argent Mid Cap ETF at the end of the most recent reporting period. Institutional investors own 45.97% of the company’s stock.

Argent Mid Cap ETF Company Profile

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.