Private Advisor Group LLC Purchases 27,639 Shares of Alger AI Enablers & Adopters ETF $ALAI

Private Advisor Group LLC raised its position in shares of Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 143.9% during the first quarter, HoldingsChannel reports. The firm owned 46,842 shares of the company’s stock after purchasing an additional 27,639 shares during the period. Private Advisor Group LLC’s holdings in Alger AI Enablers & Adopters ETF were worth $1,548,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Apollon Financial LLC boosted its holdings in shares of Alger AI Enablers & Adopters ETF by 6.9% in the 1st quarter. Apollon Financial LLC now owns 55,613 shares of the company’s stock worth $1,837,000 after purchasing an additional 3,600 shares in the last quarter. Onyx Bridge Wealth Group LLC lifted its position in Alger AI Enablers & Adopters ETF by 2.5% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 99,093 shares of the company’s stock worth $3,274,000 after buying an additional 2,425 shares during the last quarter. XML Financial LLC purchased a new stake in Alger AI Enablers & Adopters ETF in the first quarter worth approximately $207,000. Rubicon Advisors GP purchased a new stake in Alger AI Enablers & Adopters ETF in the fourth quarter worth approximately $366,000. Finally, CFO Capital Management LLC purchased a new stake in Alger AI Enablers & Adopters ETF in the fourth quarter worth approximately $1,219,000.

Alger AI Enablers & Adopters ETF Price Performance

NYSEARCA ALAI traded up $0.39 on Friday, reaching $45.37. 49,950 shares of the company’s stock traded hands, compared to its average volume of 91,819. The stock has a market cap of $456.88 million, a PE ratio of 29.71 and a beta of 1.89. Alger AI Enablers & Adopters ETF has a 12 month low of $30.37 and a 12 month high of $46.88. The stock has a 50-day simple moving average of $43.99 and a 200 day simple moving average of $38.56.

About Alger AI Enablers & Adopters ETF

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.