Alger 35 ETF (NYSEARCA:ATFV) Shares Bought by Fred Alger Management LLC

Fred Alger Management LLC boosted its holdings in Alger 35 ETF (NYSEARCA:ATFV) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 395,025 shares of the company’s stock after purchasing an additional 21,988 shares during the quarter. Fred Alger Management LLC owned about 0.47% of Alger 35 ETF worth $9,989,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ATFV. DAVENPORT & Co LLC increased its stake in Alger 35 ETF by 74.6% in the fourth quarter. DAVENPORT & Co LLC now owns 19,112 shares of the company’s stock valued at $483,000 after purchasing an additional 8,167 shares during the last quarter. Client First Investment Management LLC acquired a new position in Alger 35 ETF during the 4th quarter valued at approximately $911,000. Finally, Avior Wealth Management LLC boosted its position in shares of Alger 35 ETF by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 1,610 shares of the company’s stock worth $41,000 after buying an additional 425 shares during the period.

Alger 35 ETF Stock Performance

ATFV opened at $24.53 on Friday. The stock’s fifty day moving average is $22.43 and its 200-day moving average is $24.54. The company has a market capitalization of $26.98 million, a PE ratio of 28.63 and a beta of 1.22. Alger 35 ETF has a one year low of $18.04 and a one year high of $28.28.

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.