Alger 35 ETF (NYSEARCA:ATFV – Get Free Report) shares saw unusually-high trading volume on Monday. Approximately 109,635 shares traded hands during trading, an increase of 133% from the previous session’s volume of 47,062 shares. The stock last traded at $37.9510 and had previously closed at $37.44.
Alger 35 ETF Price Performance
The stock has a market capitalization of $615.37 million, a price-to-earnings ratio of 29.96 and a beta of 1.33. The firm’s fifty day moving average is $39.98 and its 200-day moving average is $38.87.
Institutional Investors Weigh In On Alger 35 ETF
Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its stake in Alger 35 ETF by 21.3% in the second quarter. NewEdge Advisors LLC now owns 285,103 shares of the company’s stock worth $11,809,000 after purchasing an additional 50,147 shares in the last quarter. Castle Rock Wealth Management LLC increased its holdings in Alger 35 ETF by 97.6% in the second quarter. Castle Rock Wealth Management LLC now owns 80,078 shares of the company’s stock valued at $3,203,000 after buying an additional 39,546 shares during the last quarter. CFO Capital Management LLC raised its stake in Alger 35 ETF by 5.8% during the first quarter. CFO Capital Management LLC now owns 61,747 shares of the company’s stock valued at $1,937,000 after buying an additional 3,384 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Alger 35 ETF by 32.5% during the second quarter. Integrated Wealth Concepts LLC now owns 43,018 shares of the company’s stock valued at $1,782,000 after buying an additional 10,546 shares in the last quarter. Finally, Sax Wealth Advisors LLC acquired a new stake in Alger 35 ETF during the third quarter valued at approximately $1,484,000.
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.
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