Triton Wealth Management PLLC Buys 16,877 Shares of Alger AI Enablers & Adopters ETF $ALAI

Triton Wealth Management PLLC raised its stake in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 231.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,173 shares of the company’s stock after buying an additional 16,877 shares during the period. Triton Wealth Management PLLC owned about 0.29% of Alger AI Enablers & Adopters ETF worth $851,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ALAI. Farther Finance Advisors LLC increased its holdings in shares of Alger AI Enablers & Adopters ETF by 198.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,283 shares of the company’s stock worth $46,000 after buying an additional 853 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Alger AI Enablers & Adopters ETF by 25.9% in the 2nd quarter. Osaic Holdings Inc. now owns 6,886 shares of the company’s stock worth $212,000 after buying an additional 1,415 shares during the last quarter. Brookwood Investment Group LLC bought a new position in shares of Alger AI Enablers & Adopters ETF in the 4th quarter worth $225,000. Integrated Wealth Concepts LLC bought a new position in shares of Alger AI Enablers & Adopters ETF in the 3rd quarter worth $227,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Alger AI Enablers & Adopters ETF in the 4th quarter worth $238,000.

Alger AI Enablers & Adopters ETF Price Performance

Shares of NYSEARCA:ALAI opened at $43.40 on Friday. The company’s fifty day moving average price is $36.58 and its 200-day moving average price is $36.37. The firm has a market capitalization of $391.03 million, a price-to-earnings ratio of 29.71 and a beta of 1.84. Alger AI Enablers & Adopters ETF has a one year low of $26.87 and a one year high of $43.64.

About Alger AI Enablers & Adopters ETF

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.