13,036 Alger AI Enablers & Adopters ETF $ALAI Shares Purchased by Sunrise Financial Services LLC

Sunrise Financial Services LLC grew its stake in shares of Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,369 shares of the company’s stock after acquiring an additional 13,036 shares during the quarter. Alger AI Enablers & Adopters ETF comprises about 3.4% of Sunrise Financial Services LLC’s investment portfolio, making the stock its 11th biggest holding. Sunrise Financial Services LLC’s holdings in Alger AI Enablers & Adopters ETF were worth $6,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Arkadios Wealth Advisors raised its holdings in shares of Alger AI Enablers & Adopters ETF by 35.9% during the first quarter. Arkadios Wealth Advisors now owns 1,155,852 shares of the company’s stock valued at $38,189,000 after purchasing an additional 305,456 shares during the last quarter. Ocean Park Asset Management LLC bought a new position in Alger AI Enablers & Adopters ETF during the second quarter valued at approximately $6,405,000. Western Pacific Wealth Management LP lifted its position in Alger AI Enablers & Adopters ETF by 354.6% during the third quarter. Western Pacific Wealth Management LP now owns 49,169 shares of the company’s stock valued at $2,285,000 after purchasing an additional 38,354 shares during the period. Grove Bank & Trust boosted its holdings in Alger AI Enablers & Adopters ETF by 2,491.1% in the third quarter. Grove Bank & Trust now owns 32,751 shares of the company’s stock worth $1,522,000 after purchasing an additional 31,487 shares during the last quarter. Finally, Sax Wealth Advisors LLC purchased a new stake in Alger AI Enablers & Adopters ETF in the third quarter worth approximately $1,313,000.

Alger AI Enablers & Adopters ETF Trading Up 1.7%

NYSEARCA:ALAI opened at $44.34 on Thursday. Alger AI Enablers & Adopters ETF has a 12 month low of $30.84 and a 12 month high of $48.36. The company has a market cap of $1.76 billion, a PE ratio of 29.71 and a beta of 1.89. The company has a 50 day simple moving average of $45.51 and a two-hundred day simple moving average of $43.61.

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.