Alger 35 ETF (NYSEARCA:ATFV – Get Free Report) shares saw unusually-strong trading volume on Monday. Approximately 109,635 shares changed hands during mid-day trading, an increase of 133% from the previous session’s volume of 47,062 shares. The stock last traded at $37.9510 and had previously closed at $37.44.
Alger 35 ETF Price Performance
The company’s 50-day moving average price is $40.04 and its 200-day moving average price is $38.78. The company has a market cap of $612.77 million, a P/E ratio of 29.96 and a beta of 1.33.
Institutional Investors Weigh In On Alger 35 ETF
Several large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in shares of Alger 35 ETF by 1,186.9% in the 1st quarter. NewEdge Advisors LLC now owns 234,956 shares of the company’s stock valued at $7,371,000 after purchasing an additional 216,699 shares during the period. Castle Rock Wealth Management LLC lifted its stake in Alger 35 ETF by 97.6% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 80,078 shares of the company’s stock valued at $3,203,000 after purchasing an additional 39,546 shares during the last quarter. Sax Wealth Advisors LLC acquired a new stake in Alger 35 ETF in the 3rd quarter valued at about $1,484,000. Envestnet Asset Management Inc. bought a new position in Alger 35 ETF during the second quarter worth about $805,000. Finally, Integrated Wealth Concepts LLC grew its holdings in Alger 35 ETF by 32.5% during the second quarter. Integrated Wealth Concepts LLC now owns 43,018 shares of the company’s stock worth $1,782,000 after purchasing an additional 10,546 shares during the period.
About Alger 35 ETF
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.
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