Oppenheimer & Co. Inc. Acquires 21,431 Shares of Alger AI Enablers & Adopters ETF $ALAI

Oppenheimer & Co. Inc. bought a new position in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) during the third quarter, Holdings Channel.com reports. The institutional investor bought 21,431 shares of the company’s stock, valued at approximately $996,000.

A number of other large investors have also recently modified their holdings of ALAI. Farther Finance Advisors LLC increased its position in shares of Alger AI Enablers & Adopters ETF by 160.6% in the third quarter. Farther Finance Advisors LLC now owns 3,343 shares of the company’s stock worth $155,000 after purchasing an additional 2,060 shares during the last quarter. WealthBridge Capital Management LLC purchased a new stake in Alger AI Enablers & Adopters ETF during the third quarter valued at about $248,000. XML Financial LLC raised its position in Alger AI Enablers & Adopters ETF by 5.5% during the second quarter. XML Financial LLC now owns 6,625 shares of the company’s stock valued at $302,000 after purchasing an additional 345 shares in the last quarter. Three Magnolias Financial Advisors LLC boosted its holdings in shares of Alger AI Enablers & Adopters ETF by 23.5% in the 3rd quarter. Three Magnolias Financial Advisors LLC now owns 9,269 shares of the company’s stock worth $431,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Alger AI Enablers & Adopters ETF by 5.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,125 shares of the company’s stock valued at $462,000 after buying an additional 565 shares in the last quarter.

Alger AI Enablers & Adopters ETF Price Performance

NYSEARCA:ALAI opened at $40.28 on Tuesday. The business has a 50 day moving average of $45.06 and a 200 day moving average of $41.13. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 29.71 and a beta of 1.89. Alger AI Enablers & Adopters ETF has a 1-year low of $30.84 and a 1-year high of $48.36.

About Alger AI Enablers & Adopters ETF

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.