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AMID - ETF AI Analysis
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Argent Mid Cap ETF (AMID)
Rating:73Outperform
Price Target:―
Positive Factors
Strong Top Holdings
Several of the ETF's largest positions, like Comfort Systems and Medpace Holdings, have delivered strong year-to-date performance, supporting overall returns.
Sector Diversification
The ETF is spread across multiple sectors, including Industrials, Financials, and Technology, reducing reliance on any single industry.
Moderate Expense Ratio
The fund's expense ratio is reasonable compared to actively managed ETFs, helping investors retain more of their returns.
Negative Factors
High U.S. Concentration
With over 97% exposure to U.S. companies, the ETF lacks geographic diversification and is vulnerable to domestic market risks.
Underperforming Holding
Fortinet, one of the top holdings, has shown negative year-to-date performance, which could drag on the fund's overall returns.
Small Asset Base
The ETF's relatively low assets under management may lead to less liquidity and higher trading costs for investors.
AMID vs. SPDR S&P 500 ETF (SPY)
AUM104.23M
RegionNorth America
Expense Ratio0.52%
Beta0.94
IssuerArgent
Inception DateAug 17, 2022
Dividend Yield0.35%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume9,931
30 Day Avg. Volume9,179
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
38.93Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering45
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AMID Summary
The Argent Mid Cap ETF (AMID) is designed to give investors access to mid-sized companies that are often considered the 'sweet spot' between small and large businesses. These companies are established enough to offer stability but still have room to grow. AMID includes a mix of industries like technology, healthcare, and financials, with well-known companies such as Medpace Holdings and HCA Healthcare among its top holdings. Investors might consider AMID for diversification and the potential for steady growth. However, it’s important to know that mid-cap stocks can be more volatile than large-cap stocks, meaning their prices can go up and down more dramatically.
How much will it cost me?The Argent Mid Cap ETF (AMID) has an expense ratio of 0.52%, meaning you’ll pay $5.20 per year for every $1,000 invested. This is higher than average for ETFs because it is actively managed, which typically involves more research and trading compared to passively managed funds that track an index.
What would affect this ETF?The Argent Mid Cap ETF (AMID) could benefit from economic growth in the U.S., especially if mid-sized companies in sectors like Industrials, Technology, and Health Care continue to innovate and expand. However, rising interest rates or economic slowdowns might negatively impact sectors like Financials and Consumer Cyclical, which are sensitive to borrowing costs and consumer spending. Regulatory changes or shifts in market sentiment could also influence the performance of its top holdings, such as Medpace Holdings and Fortinet.
AMID Top 10 Holdings
The Argent Mid Cap ETF is leaning heavily on industrials and financials, with names like Comfort Systems and OneMain Holdings providing a steady lift thanks to strong earnings and growth momentum. Comfort Systems, in particular, is a standout performer, driving gains with robust revenue growth and strategic acquisitions. On the flip side, Victory Capital and Fortinet are dragging the fund, with bearish trends and valuation concerns weighing on performance. With its U.S.-centric focus and a balanced mix of sectors, the fund offers a blend of stability and growth, though some holdings are struggling to keep pace.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Medpace Holdings | 5.16% | $5.38M | $16.05B | 66.24% | 79 Outperform | |
| HCA Healthcare | 4.39% | $4.57M | $108.17B | 55.62% | 70 Neutral | |
| LPL Financial | 3.59% | $3.74M | $29.96B | 11.75% | 66 Neutral | |
| Houlihan Lokey | 3.30% | $3.43M | $12.47B | 1.48% | 70 Outperform | |
| OneMain Holdings | 3.22% | $3.35M | $8.09B | 29.63% | 79 Outperform | |
| Victory Capital Holdings | 3.07% | $3.20M | $4.20B | -2.97% | 80 Outperform | |
| Fortinet | 3.07% | $3.20M | $59.98B | -17.53% | 71 Outperform | |
| Fabrinet | 2.81% | $2.93M | $17.44B | 120.09% | 78 Outperform | |
| Comfort Systems | 2.76% | $2.87M | $34.05B | 120.99% | 80 Outperform | |
| Somnigroup International | 2.74% | $2.86M | $18.85B | 60.31% | 72 Outperform |
AMID Technical Analysis
Positive
―
Price Trends
34.01
Positive
34.04
Positive
33.16
Positive
Market Momentum
0.03
Negative
52.98
Neutral
44.96
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For AMID, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 34.12, equal to the 50-day MA of 34.01, and equal to the 200-day MA of 33.16, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 52.98 is Neutral, neither overbought nor oversold. The STOCH value of 44.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMID.
AMID Peer Comparison
Comparison Results
Performance Comparison
AMID
Argent Mid Cap ETF
34.19
-0.46
-1.33%
AVMV
Avantis U.S. Mid Cap Value ETF
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AVMC
Avantis U.S. Mid Cap Equity ETF
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TMFM
Motley Fool Mid-Cap Growth ETF
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―
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FRTY
Alger Mid Cap 40 ETF
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―
―
GLRY
Inspire Faithward Mid Cap Momentum ESG ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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