NewEdge Advisors LLC Grows Stock Position in Alger 35 ETF $ATFV

NewEdge Advisors LLC lifted its stake in Alger 35 ETF (NYSEARCA:ATFV) by 1,186.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 234,956 shares of the company’s stock after purchasing an additional 216,699 shares during the quarter. 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 also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Alger 35 ETF in the third quarter worth about $83,000. Global Retirement Partners LLC purchased a new position in Alger 35 ETF during the 4th quarter worth approximately $182,000. Citadel Advisors LLC purchased a new position in Alger 35 ETF during the 3rd quarter worth approximately $227,000. Integrated Wealth Concepts LLC acquired a new stake in Alger 35 ETF during the 3rd quarter valued at approximately $249,000. Finally, Harbour Investments Inc. lifted its stake in Alger 35 ETF by 3,458.7% during the 4th quarter. Harbour Investments Inc. now owns 8,541 shares of the company’s stock valued at $298,000 after acquiring an additional 8,301 shares during the period.

Alger 35 ETF Price Performance

Shares of Alger 35 ETF stock opened at $39.57 on Tuesday. The stock has a market cap of $233.46 million, a PE ratio of 29.96 and a beta of 1.32. The firm has a fifty day moving average price of $39.27 and a 200 day moving average price of $36.48. Alger 35 ETF has a 1 year low of $29.73 and a 1 year high of $42.00.

Alger 35 ETF 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.