594,510 Shares in Alger AI Enablers & Adopters ETF $ALAI Acquired by Goldstein Advisors LLC

Goldstein Advisors LLC purchased a new stake in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 594,510 shares of the company’s stock, valued at approximately $22,294,000. Alger AI Enablers & Adopters ETF makes up about 2.7% of Goldstein Advisors LLC’s holdings, making the stock its 10th biggest position. Goldstein Advisors LLC owned about 8.09% of Alger AI Enablers & Adopters ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Apollon Financial LLC acquired a new stake in shares of Alger AI Enablers & Adopters ETF during the third quarter worth $1,037,000. Private Trust Co. NA acquired a new position in Alger AI Enablers & Adopters ETF in the 3rd quarter worth $333,000. Grove Bank & Trust bought a new position in Alger AI Enablers & Adopters ETF during the 3rd quarter worth about $47,000. Osaic Holdings Inc. raised its stake in shares of Alger AI Enablers & Adopters ETF by 25.9% in the 2nd quarter. Osaic Holdings Inc. now owns 6,886 shares of the company’s stock valued at $212,000 after purchasing an additional 1,415 shares during the period. Finally, Orion Porfolio Solutions LLC bought a new stake in shares of Alger AI Enablers & Adopters ETF in the second quarter valued at about $1,631,000.

Alger AI Enablers & Adopters ETF Price Performance

ALAI stock opened at $36.11 on Friday. The stock has a market capitalization of $280.94 million, a P/E ratio of 29.71 and a beta of 1.95. Alger AI Enablers & Adopters ETF has a fifty-two week low of $20.03 and a fifty-two week high of $39.26. The business has a 50-day moving average of $36.81 and a 200-day moving average of $34.84.

Alger AI Enablers & Adopters ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 18th were given a dividend of $0.5411 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 151.0%.

Alger AI Enablers & Adopters ETF 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.