Oppenheimer & Co. Inc. purchased a new position in shares of Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 21,431 shares of the company’s stock, valued at approximately $996,000.
A number of other hedge funds also recently modified their holdings of ALAI. Arkadios Wealth Advisors increased its position in Alger AI Enablers & Adopters ETF by 35.9% in the first quarter. Arkadios Wealth Advisors now owns 1,155,852 shares of the company’s stock worth $38,189,000 after buying 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 worth about $6,405,000. Western Pacific Wealth Management LP raised its position in shares of Alger AI Enablers & Adopters ETF by 354.6% in 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 raised its position in shares of 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 valued at $1,522,000 after purchasing an additional 31,487 shares during the period. Finally, Sax Wealth Advisors LLC purchased a new stake in shares of Alger AI Enablers & Adopters ETF during the 3rd quarter valued at approximately $1,313,000.
Alger AI Enablers & Adopters ETF Price Performance
NYSEARCA:ALAI opened at $40.28 on Tuesday. The company has a market cap of $2.52 billion, a P/E ratio of 29.71 and a beta of 1.89. Alger AI Enablers & Adopters ETF has a 1 year low of $30.84 and a 1 year high of $48.36. The stock’s fifty day moving average price is $45.06 and its two-hundred day moving average price is $41.13.
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.
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