Alger AI Enablers & Adopters ETF $ALAI Shares Bought by Members Advisory Group LLC

Members Advisory Group LLC lifted its stake in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 877.1% in the fourth quarter, HoldingsChannel reports. The fund owned 275,867 shares of the company’s stock after purchasing an additional 247,635 shares during the quarter. Alger AI Enablers & Adopters ETF makes up 3.8% of Members Advisory Group LLC’s holdings, making the stock its 11th largest holding. Members Advisory Group LLC’s holdings in Alger AI Enablers & Adopters ETF were worth $9,961,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in shares of Alger AI Enablers & Adopters ETF by 113.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 146,058 shares of the company’s stock worth $5,477,000 after acquiring an additional 77,591 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Alger AI Enablers & Adopters ETF by 31.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 716,904 shares of the company’s stock worth $26,884,000 after acquiring an additional 171,705 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of Alger AI Enablers & Adopters ETF by 134.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 116,966 shares of the company’s stock worth $4,224,000 after acquiring an additional 67,042 shares during the period. Goldstein Advisors LLC acquired a new stake in shares of Alger AI Enablers & Adopters ETF in the 3rd quarter worth approximately $22,294,000. Finally, Mirae Asset Securities USA Inc. acquired a new stake in shares of Alger AI Enablers & Adopters ETF in the 3rd quarter worth approximately $8,438,000.

Alger AI Enablers & Adopters ETF Trading Down 0.4%

Shares of NYSEARCA:ALAI opened at $38.75 on Wednesday. The company has a 50 day moving average of $34.67 and a 200-day moving average of $36.00. The firm has a market cap of $333.25 million, a P/E ratio of 29.71 and a beta of 1.85. Alger AI Enablers & Adopters ETF has a twelve month low of $21.59 and a twelve month high of $39.26.

Alger AI Enablers & Adopters ETF 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.