Alger 35 ETF (NYSEARCA:ATFV) Trading Down 1.7% – Here’s Why

Alger 35 ETF (NYSEARCA:ATFV) was down 1.7% on Friday . The company traded as low as $38.60 and last traded at $38.83. Approximately 33,848 shares were traded during trading, a decline of 3% from the average daily volume of 34,999 shares. The stock had previously closed at $39.50.

Alger 35 ETF Stock Performance

The company has a 50 day moving average of $34.55 and a 200-day moving average of $34.69. The stock has a market cap of $149.11 million, a price-to-earnings ratio of 29.96 and a beta of 1.31.

Hedge Funds Weigh In On Alger 35 ETF

Hedge funds have recently bought and sold shares of the company. Vista Investment Partners II LLC acquired a new position in Alger 35 ETF during the 4th quarter worth about $3,360,000. Mountain Capital Investment Advisors Inc. lifted its stake in Alger 35 ETF by 25.4% during the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock worth $37,083,000 after acquiring an additional 214,661 shares in the last quarter. Chilton Investment Co. Inc. acquired a new position in Alger 35 ETF during the 3rd quarter worth about $2,936,000. Beverly Hills Private Wealth LLC acquired a new position in Alger 35 ETF during the 3rd quarter worth about $322,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Alger 35 ETF during the 3rd quarter worth about $83,000.

Alger 35 ETF Company 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.