Berbice Capital Management LLC grew its stake in shares of Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI – Free Report) by 119.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 34,954 shares of the company’s stock after buying an additional 19,052 shares during the quarter. Alger AI Enablers & Adopters ETF makes up 0.8% of Berbice Capital Management LLC’s holdings, making the stock its 21st biggest holding. Berbice Capital Management LLC’s holdings in Alger AI Enablers & Adopters ETF were worth $1,262,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of ALAI. Farther Finance Advisors LLC boosted its position in Alger AI Enablers & Adopters ETF by 198.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,283 shares of the company’s stock worth $46,000 after purchasing an additional 853 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Alger AI Enablers & Adopters ETF by 25.9% during the 2nd quarter. Osaic Holdings Inc. now owns 6,886 shares of the company’s stock valued at $212,000 after buying an additional 1,415 shares during the last quarter. Brookwood Investment Group LLC bought a new position in shares of Alger AI Enablers & Adopters ETF during the fourth quarter worth about $225,000. Integrated Wealth Concepts LLC bought a new position in shares of Alger AI Enablers & Adopters ETF during the third quarter worth about $227,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Alger AI Enablers & Adopters ETF during the fourth quarter worth $238,000.
Alger AI Enablers & Adopters ETF Stock Down 0.6%
Shares of NYSEARCA ALAI opened at $41.64 on Wednesday. The firm’s 50-day moving average price is $37.06 and its two-hundred day moving average price is $36.45. Alger AI Enablers & Adopters ETF has a 52-week low of $26.87 and a 52-week high of $43.64. The stock has a market capitalization of $375.18 million, a P/E ratio of 29.71 and a beta of 1.84.
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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Want to see what other hedge funds are holding ALAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI – Free Report).
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