AMID vs. QTEC ETF Comparison
Comparison of Argent Mid Cap ETF (AMID) to First Trust NASDAQ-100- Technology Index Fund (QTEC)
AMID
Argent Mid Cap ETF
AMID Description
AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.
Grade (RS Rating)
Last Trade
$36.72
Average Daily Volume
7,812
37
QTEC
First Trust NASDAQ-100- Technology Index Fund
QTEC Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Technology Sector Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is an equal-weighted index based on the securities of the NASDAQ-100 Index(R) that are classified as "technology" according to the Industry Classification Benchmark classification system. The fund is non-diversified.Grade (RS Rating)
Last Trade
$195.46
Average Daily Volume
114,333
43
Performance
| Period | AMID | QTEC |
|---|---|---|
| 30 Days | 4.32% | 1.76% |
| 60 Days | 3.96% | 4.48% |
| 90 Days | 4.88% | 1.92% |
| 12 Months | 34.06% | 23.11% |
AMID Overweight 35 Positions Relative to QTEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| FICO | B | 3.79% | |
| CTAS | B | 3.66% | |
| CPRT | B | 3.56% | |
| BLDR | D | 3.43% | |
| HLI | A | 3.2% | |
| CBZ | B | 2.93% | |
| LPLA | A | 2.87% | |
| VCTR | B | 2.86% | |
| DHI | F | 2.85% | |
| IT | C | 2.83% | |
| MEDP | D | 2.69% | |
| MUSA | B | 2.63% | |
| HCA | F | 2.49% | |
| BAH | F | 2.45% | |
| BLD | D | 2.43% | |
| OMF | A | 2.4% | |
| URI | C | 2.35% | |
| AFG | A | 2.28% | |
| GDDY | A | 2.24% | |
| A | D | 2.12% | |
| ADUS | D | 2.09% | |
| CG | B | 2.05% | |
| SCI | B | 2.05% | |
| TPX | B | 1.99% | |
| AME | A | 1.98% | |
| ICFI | F | 1.93% | |
| LNG | A | 1.69% | |
| CHDN | B | 1.57% | |
| ABG | C | 1.55% | |
| ENTG | D | 1.52% | |
| MOH | F | 1.44% | |
| PATK | C | 1.35% | |
| TTEK | F | 1.33% | |
| AX | B | 1.11% | |
| EXPO | D | 0.99% |
AMID Underweight 41 Positions Relative to QTEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| TEAM | A | -3.5% | |
| NVDA | B | -2.89% | |
| DASH | B | -2.84% | |
| MRVL | B | -2.8% | |
| ZS | B | -2.75% | |
| PANW | B | -2.64% | |
| ADSK | A | -2.62% | |
| CRWD | B | -2.62% | |
| DDOG | A | -2.61% | |
| INTC | C | -2.61% | |
| PDD | F | -2.56% | |
| CDNS | B | -2.52% | |
| MU | D | -2.49% | |
| WDAY | B | -2.49% | |
| INTU | B | -2.48% | |
| SNPS | B | -2.47% | |
| GFS | C | -2.47% | |
| CTSH | B | -2.44% | |
| ANSS | B | -2.42% | |
| MDB | B | -2.39% | |
| META | D | -2.34% | |
| ROP | B | -2.31% | |
| TXN | C | -2.31% | |
| ADBE | C | -2.31% | |
| AAPL | C | -2.28% | |
| AVGO | D | -2.27% | |
| MSFT | D | -2.24% | |
| ARM | F | -2.24% | |
| LRCX | F | -2.21% | |
| AMAT | F | -2.21% | |
| QCOM | F | -2.21% | |
| ON | D | -2.2% | |
| NXPI | D | -2.2% | |
| ADI | D | -2.13% | |
| AMD | F | -2.03% | |
| ASML | F | -1.99% | |
| KLAC | F | -1.94% | |
| MCHP | F | -1.94% | |
| GOOG | C | -1.23% | |
| GOOGL | C | -1.22% | |
| SMCI | F | -0.9% |
AMID: Top Represented Industries & Keywords
QTEC: Top Represented Industries & Keywords
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