NewEdge Advisors LLC Has $11.81 Million Stock Holdings in Alger 35 ETF $ATFV

NewEdge Advisors LLC boosted its position in Alger 35 ETF (NYSEARCA:ATFV) by 21.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 285,103 shares of the company’s stock after buying an additional 50,147 shares during the quarter. NewEdge Advisors LLC’s holdings in Alger 35 ETF were worth $11,809,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new stake in Alger 35 ETF during the 3rd quarter worth about $83,000. Global Retirement Partners LLC bought a new position in shares of Alger 35 ETF in the 4th quarter valued at about $182,000. Citadel Advisors LLC bought a new position in shares of Alger 35 ETF in the 3rd quarter valued at about $227,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Alger 35 ETF during the 3rd quarter worth approximately $249,000. Finally, Fermata Advisors LLC acquired a new stake in shares of Alger 35 ETF during the 2nd quarter worth approximately $249,000.

Alger 35 ETF Price Performance

ATFV opened at $39.56 on Friday. The firm has a 50 day simple moving average of $39.15 and a 200 day simple moving average of $37.41. Alger 35 ETF has a fifty-two week low of $29.73 and a fifty-two week high of $42.00. The company has a market cap of $233.40 million, a price-to-earnings ratio of 29.96 and a beta of 1.32.

Alger 35 ETF Profile

The Alger 35 ETF (ATFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of global growth stocks. The fund utilizes the Precidian non-transparent model. ATFV was launched on May 3, 2021 and is managed by Alger.