Alger 35 ETF (NYSEARCA:ATFV – Get Free Report) shares rose 1% on Monday. The stock traded as high as $41.46 and last traded at $41.35. Approximately 10,880 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 43,167 shares. The stock had previously closed at $40.95.
Alger 35 ETF Stock Down 1.1%
The stock’s 50 day moving average price is $39.85 and its 200-day moving average price is $38.31. The stock has a market capitalization of $497.69 million, a P/E ratio of 29.96 and a beta of 1.33.
Institutional Trading of Alger 35 ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Alger 35 ETF by 977.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,224 shares of the company’s stock worth $960,000 after purchasing an additional 22,883 shares during the last quarter. Castle Rock Wealth Management LLC grew its stake in Alger 35 ETF by 97.6% in the second quarter. Castle Rock Wealth Management LLC now owns 80,078 shares of the company’s stock valued at $3,203,000 after purchasing an additional 39,546 shares during the last quarter. NewEdge Advisors LLC raised 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 worth $11,809,000 after purchasing an additional 50,147 shares in the last quarter. CFO Capital Management LLC bought a new position in Alger 35 ETF in the fourth quarter worth about $2,035,000. Finally, Envestnet Asset Management Inc. bought a new position in Alger 35 ETF in the second quarter worth about $805,000.
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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