← Markets

Congress Mid Cap Growth Fund

CMIDX · NASDAQ

Market closed$20.70$-0.060000 (-0.29%)

Key statistics

Previous close$20.76
Open$20.70
Day high$20.70
Day low$20.70
52-week high$22.99
52-week low$17.76
Market cap627.94M
Volume—
Average volume—
P/E ratio35.69
Forward P/E—
EPS0.58
Dividend yield0.00%

Market context

Why it moved

CMIDX edged slightly lower amid thin trading volume and a lack of significant catalysts, with broad market uncertainty weighing modestly on sentiment.

Fintel

What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Congress Mid Cap Growth Fund closed down 1.24%, underperforming the financial services sector as the XLF ETF held relatively steady in after-hours trading. The fund, which invests in mid-cap growth equities, faced headwinds from a broader tech-led selloff—the Nasdaq fell sharply on July 17 amid a semiconductor-driven rout following TSMC's spending forecast and escalating Middle East tensions dampening risk appetite. Morningstar noted financial stocks have been the second-worst-performing sector over the past year, partly due to concerns about AI disruption and private credit cracks, adding pressure to growth-oriented asset management strategies.

-1.2405

July 16, 2026Congress Mid Cap Growth Fund declined amid a broader pullback in equities, with the S&P 500 closing lower as tech stocks weighed on markets. The fund's financial services sector context showed mixed signals: while the XLF sector ETF held near 52-week highs and major banks posted stellar Q2 earnings—JPMorgan recording its highest-ever quarterly profit and Goldman Sachs surging on record equities revenue—Morningstar cautioned that financial stocks face headwinds from AI disruption fears and cracks in private credit, dampening sentiment for asset managers specifically.

-1.3777

July 15, 2026Congress Mid Cap Growth Fund edged higher as the broader financial services sector benefited from a wave of blowout Q2 earnings across Wall Street, with Goldman Sachs, BlackRock, JPMorgan, Morgan Stanley, and Bank of America all beating estimates on surging trading revenues, record dealmaking, and robust investment banking activity. The Financial Select Sector SPDR (XLF) traded near its 52-week high, while investor sentiment was further lifted by a cooler-than-expected June CPI print of 3.5%, easing near-term Fed rate hike concerns and supporting growth-oriented asset managers heading into H2 2026.

0.5276

July 14, 2026Congress Mid Cap Growth Fund edged slightly lower in after-hours trading, finishing the session essentially flat as the broader financial services sector navigated a mixed macro backdrop. Wall Street bank earnings dominated sentiment, with JPMorgan posting its highest-ever quarterly profit and Goldman Sachs beating estimates on a dealmaking surge, yet Morningstar noted financial stocks remain the second-worst-performing sector over the past year amid AI disruption concerns and private credit cracks. A softer-than-expected June CPI print provided some relief for growth-oriented mid-cap equities, while renewed U.S.-Iran tensions and elevated market valuations — with the Shiller CAPE above 40 — kept investors cautious heading into a pivotal Q2 earnings stretch.

-0.2842

July 9, 2026Congress Mid Cap Growth Fund edged up modestly, outperforming a flat financial sector as the XLF held near unchanged in after-hours trade. The fund's mid-cap growth focus is drawing attention amid a broader market rotation toward U.S. small- and mid-cap stocks, which claimed top performance in June per Edward Jones strategists. Investors are also navigating a volatile macro backdrop—renewed U.S.-Iran strikes rattled markets mid-week, pushing oil toward $79/barrel and reigniting inflation fears—even as Q2 earnings season approaches with S&P 500 profit growth expected at +24% year-over-year.

0.9035

July 8, 2026Congress Mid Cap Growth Fund declined as a broad risk-off environment weighed on equity markets, driven by renewed U.S.-Iran military strikes in the Persian Gulf, which sent oil prices surging over 5% and rattled investor confidence. The broader Financial Services sector (XLF) also softened amid macro uncertainty, with Goldman Sachs cautioning that the AI-driven earnings surprise cycle may be fading — a headwind for growth-oriented funds holding tech-adjacent mid-cap names.

-1.6862

July 1, 2026Congress Mid Cap Growth Fund edged up modestly, closing the second quarter on a positive note as the broader financial services sector benefited from a standout Q2 for markets — the S&P 500's best quarterly performance in six years, up 15.5%. The Zacks Finance sector surged 10.9% in Q2, buoyed by a surge in retail trading, higher capital market volumes, and fading recession fears. Rising equity markets lifted asset valuations broadly, a tailwind for mid-cap growth-oriented funds, while macro uncertainty around Fed Chair Warsh's hawkish signals and the June jobs report kept investor sentiment measured heading into the holiday-shortened week.

0.3784

Peers

S&P 500SPX · $7,457.69-1.01%Brown Capital Management Small Company FundBCSIX · $22.70-0.70%GuideMark Large Cap Core FundGMLGX · $34.30-0.69%LSV Small Cap Value FundLVAQX · $22.26-0.80%Northern Small Cap Value FundNOSGX · $12.30-0.73%Red Oak Technology Select FundROGSX · $61.54-1.50%Columbia Seligman Premium Technology Growth FundSTK · $49.22-1.93%Schwab Balanced FundSWOBX · $18.66-0.64%ProFunds UltraNASDAQ-100 FundUOPSX · $95.30-3.01%