Shares of Alger 35 ETF (NYSEARCA:ATFV – Get Free Report) saw an uptick in trading volume on Friday. Approximately 65,657 shares traded hands during trading, an increase of 42% from the average daily volume of 46,312 shares. The stock last traded at $33.7130 and had previously closed at $34.74.
Alger 35 ETF Trading Down 2.5%
The company’s 50-day simple moving average is $38.74 and its 200-day simple moving average is $37.34. The stock has a market capitalization of $546.90 million, a price-to-earnings ratio of 24.59 and a beta of 1.35.
Institutional Trading of Alger 35 ETF
Several institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its holdings in Alger 35 ETF by 21.3% in the second quarter. NewEdge Advisors LLC now owns 285,103 shares of the company’s stock valued at $11,809,000 after purchasing an additional 50,147 shares during the period. Castle Rock Wealth Management LLC lifted its holdings in Alger 35 ETF by 97.6% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 80,078 shares of the company’s stock worth $3,203,000 after buying an additional 39,546 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Alger 35 ETF by 32.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 43,018 shares of the company’s stock worth $1,782,000 after buying an additional 10,546 shares during the period. Sax Wealth Advisors LLC acquired a new position in Alger 35 ETF during the 3rd quarter worth about $1,484,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Alger 35 ETF in the 3rd quarter valued at about $1,008,000.
About Alger 35 ETF
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.
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