Alger 35 ETF (NYSEARCA:ATFV) Stock Price Down 1.7% – Here’s What Happened

Shares of Alger 35 ETF (NYSEARCA:ATFV) were down 1.7% during mid-day trading on Friday . The stock traded as low as $38.60 and last traded at $38.83. Approximately 33,848 shares changed hands during trading, a decline of 3% from the average daily volume of 34,999 shares. The stock had previously closed at $39.50.

Alger 35 ETF Price Performance

The stock has a 50 day moving average price of $34.55 and a two-hundred day moving average price of $34.69. The firm has a market capitalization of $149.11 million, a price-to-earnings ratio of 29.96 and a beta of 1.31.

Institutional Investors Weigh In On Alger 35 ETF

A number of institutional investors have recently modified their holdings of ATFV. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Alger 35 ETF in the third quarter valued at $83,000. Global Retirement Partners LLC acquired a new stake in shares of Alger 35 ETF in the fourth quarter valued at $182,000. Citadel Advisors LLC acquired a new stake in shares of Alger 35 ETF in the third quarter valued at $227,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Alger 35 ETF in the third quarter valued at $249,000. Finally, Harbour Investments Inc. grew its stake in shares of Alger 35 ETF by 3,458.8% in the fourth quarter. Harbour Investments Inc. now owns 8,541 shares of the company’s stock valued at $298,000 after buying an additional 8,301 shares in the last quarter.

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.