Shares of Alger 35 ETF (NYSEARCA:ATFV – Get Free Report) saw an uptick in trading volume on Friday. 65,657 shares traded hands during mid-day trading, an increase of 42% from the average daily volume of 46,312 shares. The stock last traded at $33.7130 and had previously closed at $34.74.
Alger 35 ETF Price Performance
The stock has a market cap of $546.90 million, a price-to-earnings ratio of 24.59 and a beta of 1.35. The business’s 50-day simple moving average is $38.74 and its two-hundred day simple moving average is $37.34.
Hedge Funds Weigh In On Alger 35 ETF
A number of institutional investors and hedge funds have recently bought and sold shares of ATFV. Proactive Wealth Strategies LLC bought a new position in Alger 35 ETF in the third quarter valued at about $242,000. Fermata Advisors LLC bought a new stake in shares of Alger 35 ETF during the second quarter worth about $249,000. Trek Financial LLC grew its holdings in shares of Alger 35 ETF by 57.9% during the third quarter. Trek Financial LLC now owns 8,555 shares of the company’s stock worth $348,000 after purchasing an additional 3,137 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Alger 35 ETF by 18.6% in the third quarter. Avior Wealth Management LLC now owns 16,274 shares of the company’s stock valued at $662,000 after buying an additional 2,550 shares during the period. Finally, Onyx Bridge Wealth Group LLC increased its stake in shares of Alger 35 ETF by 8.5% in the third quarter. Onyx Bridge Wealth Group LLC now owns 16,720 shares of the company’s stock valued at $680,000 after buying an additional 1,305 shares during the period.
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.
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