Triton Wealth Management PLLC Acquires 16,877 Shares of Alger AI Enablers & Adopters ETF $ALAI

Triton Wealth Management PLLC lifted its holdings in shares of Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 231.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,173 shares of the company’s stock after buying an additional 16,877 shares during the quarter. Triton Wealth Management PLLC’s holdings in Alger AI Enablers & Adopters ETF were worth $851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of 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 valued at $46,000 after purchasing an additional 853 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Alger AI Enablers & Adopters ETF during the 3rd quarter valued at $227,000. Brookwood Investment Group LLC bought a new position in shares of Alger AI Enablers & Adopters ETF during the 4th quarter valued at $225,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Alger AI Enablers & Adopters ETF during the 4th quarter valued at $238,000. Finally, Osaic Holdings Inc. grew its holdings 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 purchasing an additional 1,415 shares during the last quarter.

Alger AI Enablers & Adopters ETF Stock Performance

ALAI stock opened at $43.40 on Friday. Alger AI Enablers & Adopters ETF has a 52 week low of $26.87 and a 52 week high of $43.64. The firm’s fifty day moving average is $36.58 and its 200 day moving average is $36.37. The firm has a market cap of $391.03 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.