AMID - ETF AI Analysis
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Argent Mid Cap ETF (AMID)
Rating:73Outperform
Price Target:―
Positive Factors
Strong Recent Overall Performance
The ETF has delivered solid gains so far this year and over the past month, showing positive recent momentum.
Leading Winners in Top Holdings
Several of the largest positions, such as Comfort Systems, Monolithic Power, Fabrinet, and Vertiv, have shown strong year-to-date performance, helping drive the fund’s returns.
Broad Sector Diversification
The fund spreads its investments across many sectors, including industrials, financials, technology, consumer cyclical, and health care, which helps reduce the impact of weakness in any single industry.
Negative Factors
Moderate Expense Ratio
The fund’s expense ratio is not especially low, meaning fees may take a noticeable bite out of long-term returns compared with cheaper ETFs.
Heavy Tilt Toward Industrials
With a large share of assets in industrial companies, the ETF is more exposed if that sector faces a downturn.
Mixed Performance Among Top Holdings
Some key positions, including Medpace, LPL Financial, Houlihan Lokey, and NRG Energy, have shown weak year-to-date performance, which can drag on the fund’s overall results.
AMID vs. SPDR S&P 500 ETF (SPY)
AUM107.52M
RegionNorth America
Expense Ratio0.52%
Beta0.90
IssuerArgent
Inception DateAug 17, 2022
Dividend Yield0.33%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume8,738
30 Day Avg. Volume14,669
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
40.61Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering44
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AMID Summary
Argent Mid Cap ETF (AMID) is an actively managed fund that focuses on mid-sized U.S. companies, aiming for a balance of growth and stability. It doesn’t track a specific index, but instead selects a mix of businesses across many sectors, including industrials, financials, and technology. Well-known holdings include HCA Healthcare and NRG Energy. An investor might choose this ETF to diversify beyond the biggest household-name stocks and tap into companies that are still growing but more established than small caps. A key risk is that mid-cap stocks can be volatile and the ETF’s value can go up and down with the stock market.
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
Argent Mid Cap leans heavily on U.S. industrials and tech, with names like Comfort Systems and United Rentals doing much of the heavy lifting for performance despite some recent wobbling in rentals. On the tech side, Monolithic Power and Vertiv have been rising, giving the fund a strong backbone in chips and data-center infrastructure, while Fortinet’s surge adds extra spark from cybersecurity. Financials such as Victory Capital are steady contributors, but laggards like LPL Financial and Houlihan Lokey are dragging a bit, reminding investors this mid-cap ride isn’t all smooth pavement.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Comfort Systems | 4.25% | $4.49M | $66.30B | 279.09% | 80 Outperform | |
| Fortinet | 3.99% | $4.21M | $109.06B | 44.69% | 71 Outperform | |
| Victory Capital Holdings | 3.97% | $4.19M | $5.32B | 36.29% | 80 Outperform | |
| Monolithic Power | 3.40% | $3.59M | $79.84B | 136.96% | 75 Outperform | |
| ― | 3.04% | $3.21M | ― | ― | ― | |
| United Rentals | 2.92% | $3.08M | $62.32B | 41.53% | 73 Outperform | |
| Hewlett Packard Enterprise | 2.81% | $2.97M | $74.50B | 217.41% | 68 Neutral | |
| Vertiv Holdings | 2.78% | $2.94M | $128.48B | 197.75% | 77 Outperform | |
| Medpace Holdings | 2.73% | $2.88M | $12.73B | 45.58% | 79 Outperform | |
| TD SYNNEX Corporation | 2.65% | $2.79M | $22.46B | 127.17% | 73 Outperform |
AMID Technical Analysis
Positive
―
Price Trends
34.38
Positive
34.31
Positive
34.21
Positive
Market Momentum
0.25
Negative
66.47
Neutral
97.46
Negative
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 34.81, equal to the 50-day MA of 34.38, and equal to the 200-day MA of 34.21, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 66.47 is Neutral, neither overbought nor oversold. The STOCH value of 97.46 is Negative, 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
36.02
3.58
11.04%
AVMV
Avantis U.S. Mid Cap Value ETF
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AVMC
Avantis U.S. Mid Cap Equity ETF
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TMVE
Thrivent Mid Cap Value ETF
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GLRY
Inspire Faithward Mid Cap Momentum ESG ETF
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AFMC
First Trust Active Factor Mid Cap 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.
DisclaimerThis 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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