Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI – Get Free Report) shares fell 0.5% during mid-day trading on Wednesday . The stock traded as low as $45.67 and last traded at $45.67. 27,903 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 85,880 shares. The stock had previously closed at $45.90.
Alger AI Enablers & Adopters ETF Stock Performance
The company has a market capitalization of $512.23 million, a price-to-earnings ratio of 29.71 and a beta of 1.92. The company has a 50 day moving average price of $44.36 and a 200 day moving average price of $41.15.
Institutional Trading of Alger AI Enablers & Adopters ETF
Several hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC lifted its holdings in Alger AI Enablers & Adopters ETF by 5.9% during the second quarter. Integrated Wealth Concepts LLC now owns 10,125 shares of the company’s stock valued at $462,000 after purchasing an additional 565 shares during the last quarter. NWM Advisors LLC raised its position in shares of Alger AI Enablers & Adopters ETF by 7.3% in the second quarter. NWM Advisors LLC now owns 79,266 shares of the company’s stock valued at $3,618,000 after purchasing an additional 5,371 shares during the period. PCG Wealth Advisors LLC raised its position in shares of Alger AI Enablers & Adopters ETF by 4.3% in the second quarter. PCG Wealth Advisors LLC now owns 35,845 shares of the company’s stock valued at $1,636,000 after purchasing an additional 1,472 shares during the period. XML Financial LLC lifted its stake in shares of Alger AI Enablers & Adopters ETF by 5.5% during the 2nd quarter. XML Financial LLC now owns 6,625 shares of the company’s stock valued at $302,000 after buying an additional 345 shares in the last quarter. Finally, Ocean Park Asset Management LLC purchased a new stake in shares of Alger AI Enablers & Adopters ETF during the 2nd quarter valued at approximately $6,405,000.
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.
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