NewEdge Advisors LLC Buys 216,699 Shares of Alger 35 ETF $ATFV

NewEdge Advisors LLC increased its stake in Alger 35 ETF (NYSEARCA:ATFV) by 1,186.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 234,956 shares of the company’s stock after acquiring an additional 216,699 shares during the period. NewEdge Advisors LLC owned about 6.12% of Alger 35 ETF worth $7,371,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ATFV. Mountain Capital Investment Advisors Inc. raised its position in Alger 35 ETF by 25.4% during the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 1,058,318 shares of the company’s stock valued at $37,083,000 after purchasing an additional 214,661 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Alger 35 ETF by 58.4% in the 4th quarter. LPL Financial LLC now owns 210,981 shares of the company’s stock worth $7,357,000 after purchasing an additional 77,813 shares in the last quarter. Mariner LLC boosted its holdings in shares of Alger 35 ETF by 5.6% in the 4th quarter. Mariner LLC now owns 97,876 shares of the company’s stock worth $3,413,000 after purchasing an additional 5,164 shares in the last quarter. Vista Investment Partners II LLC bought a new position in shares of Alger 35 ETF during the 4th quarter valued at about $3,360,000. Finally, CFO Capital Management LLC increased its position in shares of Alger 35 ETF by 5.8% during the 1st quarter. CFO Capital Management LLC now owns 61,747 shares of the company’s stock valued at $1,937,000 after purchasing an additional 3,384 shares during the last quarter.

Alger 35 ETF Trading Up 5.5%

Shares of NYSEARCA ATFV opened at $37.36 on Friday. The stock has a market cap of $218.56 million, a price-to-earnings ratio of 29.96 and a beta of 1.31. Alger 35 ETF has a 1-year low of $29.73 and a 1-year high of $42.00. The stock’s 50-day moving average is $39.36 and its 200 day moving average is $36.29.

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.