CFO Capital Management LLC Buys New Shares in Alger 35 ETF $ATFV

CFO Capital Management LLC bought a new position in Alger 35 ETF (NYSEARCA:ATFV) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 58,363 shares of the company’s stock, valued at approximately $2,035,000. Alger 35 ETF comprises 1.5% of CFO Capital Management LLC’s portfolio, making the stock its 18th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC grew its position in Alger 35 ETF by 5.3% during the fourth quarter. DAVENPORT & Co LLC now owns 25,485 shares of the company’s stock valued at $889,000 after buying an additional 1,278 shares during the period. NewEdge Advisors LLC raised its stake in Alger 35 ETF by 8.6% in the 3rd quarter. NewEdge Advisors LLC now owns 16,913 shares of the company’s stock valued at $601,000 after acquiring an additional 1,340 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Alger 35 ETF during the third quarter valued at about $83,000. Castle Rock Wealth Management LLC lifted its holdings in Alger 35 ETF by 8.0% during the fourth quarter. Castle Rock Wealth Management LLC now owns 39,811 shares of the company’s stock valued at $1,342,000 after purchasing an additional 2,960 shares during the last quarter. Finally, Worth Asset Management LLC lifted its holdings in Alger 35 ETF by 52.5% during the 4th quarter. Worth Asset Management LLC now owns 8,999 shares of the company’s stock worth $314,000 after purchasing an additional 3,097 shares in the last quarter.

Alger 35 ETF Price Performance

NYSEARCA ATFV opened at $41.61 on Friday. The company has a market capitalization of $159.78 million, a price-to-earnings ratio of 29.96 and a beta of 1.33. Alger 35 ETF has a twelve month low of $27.50 and a twelve month high of $41.94. The stock’s 50-day simple moving average is $38.35 and its two-hundred day simple moving average is $35.55.

Alger 35 ETF 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.