Alger AI Enablers & Adopters ETF $ALAI Position Lifted by Western Pacific Wealth Management LP

Western Pacific Wealth Management LP boosted its position in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 354.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,169 shares of the company’s stock after acquiring an additional 38,354 shares during the quarter. Alger AI Enablers & Adopters ETF accounts for 1.9% of Western Pacific Wealth Management LP’s investment portfolio, making the stock its 13th biggest position. Western Pacific Wealth Management LP’s holdings in Alger AI Enablers & Adopters ETF were worth $2,285,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. WealthBridge Capital Management LLC acquired a new stake in Alger AI Enablers & Adopters ETF during the third quarter worth about $248,000. Three Magnolias Financial Advisors LLC raised its holdings in shares of Alger AI Enablers & Adopters ETF by 23.5% in the 3rd quarter. Three Magnolias Financial Advisors LLC now owns 9,269 shares of the company’s stock worth $431,000 after purchasing an additional 1,764 shares during the period. Sax Wealth Advisors LLC acquired a new position in shares of Alger AI Enablers & Adopters ETF in the 3rd quarter valued at about $1,313,000. Grove Bank & Trust lifted its stake in shares of Alger AI Enablers & Adopters ETF by 2,491.1% in the 3rd quarter. Grove Bank & Trust now owns 32,751 shares of the company’s stock valued at $1,522,000 after purchasing an additional 31,487 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Alger AI Enablers & Adopters ETF by 160.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,343 shares of the company’s stock valued at $155,000 after purchasing an additional 2,060 shares in the last quarter.

Alger AI Enablers & Adopters ETF Stock Performance

Shares of NYSEARCA:ALAI opened at $43.06 on Friday. Alger AI Enablers & Adopters ETF has a 1 year low of $30.84 and a 1 year high of $48.36. The stock has a market capitalization of $1.71 billion, a P/E ratio of 29.71 and a beta of 1.89. The stock has a 50-day simple moving average of $45.58 and a 200-day simple moving average of $43.30.

Alger AI Enablers & Adopters ETF Company Profile

The Alger AI Enablers & Adopters ETF (ALAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in firms benefiting from developing, integrating or enabling artificial intelligence (AI) technology. The fund seeks long-term capital growth through fundamental research ALAI was launched on Apr 4, 2024 and is issued by Alger.