CFO Capital Management LLC Takes $1.22 Million Position in Alger AI Enablers & Adopters ETF $ALAI

CFO Capital Management LLC acquired a new position in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,751 shares of the company’s stock, valued at approximately $1,219,000. Alger AI Enablers & Adopters ETF accounts for approximately 0.9% of CFO Capital Management LLC’s portfolio, making the stock its 29th largest holding.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC lifted its stake in Alger AI Enablers & Adopters ETF by 52.3% in the 4th quarter. LPL Financial LLC now owns 975,523 shares of the company’s stock worth $35,226,000 after purchasing an additional 334,901 shares in the last quarter. Members Advisory Group LLC grew its stake in shares of Alger AI Enablers & Adopters ETF by 877.1% during the fourth quarter. Members Advisory Group LLC now owns 275,867 shares of the company’s stock valued at $9,961,000 after buying an additional 247,635 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new stake in shares of Alger AI Enablers & Adopters ETF in the second quarter worth approximately $5,866,000. Arkadios Wealth Advisors lifted its position in shares of Alger AI Enablers & Adopters ETF by 18.6% during the fourth quarter. Arkadios Wealth Advisors now owns 850,396 shares of the company’s stock worth $30,708,000 after purchasing an additional 133,492 shares during the last quarter. Finally, Orion Porfolio Solutions LLC grew its holdings in shares of Alger AI Enablers & Adopters ETF by 249.2% in the third quarter. Orion Porfolio Solutions LLC now owns 184,629 shares of the company’s stock worth $6,924,000 after purchasing an additional 131,752 shares during the last quarter.

Alger AI Enablers & Adopters ETF Stock Performance

NYSEARCA:ALAI opened at $46.75 on Friday. The firm has a 50-day simple moving average of $42.11 and a 200-day simple moving average of $37.73. Alger AI Enablers & Adopters ETF has a one year low of $28.85 and a one year high of $46.75. The firm has a market cap of $421.22 million, a P/E ratio of 29.71 and a beta of 1.90.

Alger AI Enablers & Adopters ETF Company Profile

The Alger AI Enablers & Adopters ETF (ALAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in firms benefiting from developing, integrating or enabling artificial intelligence (AI) technology. The fund seeks long-term capital growth through fundamental research ALAI was launched on Apr 4, 2024 and is issued by Alger.