Alger AI Enablers & Adopters ETF $ALAI Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors raised its position in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 31.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 716,904 shares of the company’s stock after acquiring an additional 171,705 shares during the quarter. Alger AI Enablers & Adopters ETF makes up about 0.6% of Arkadios Wealth Advisors’ holdings, making the stock its 21st biggest holding. Arkadios Wealth Advisors owned about 9.60% of Alger AI Enablers & Adopters ETF worth $26,884,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Grove Bank & Trust purchased a new stake in shares of Alger AI Enablers & Adopters ETF during the 3rd quarter worth $47,000. Osaic Holdings Inc. raised its position in shares of Alger AI Enablers & Adopters ETF by 25.9% during the 2nd quarter. Osaic Holdings Inc. now owns 6,886 shares of the company’s stock worth $212,000 after acquiring an additional 1,415 shares in the last quarter. Wealth Effects LLC purchased a new stake in Alger AI Enablers & Adopters ETF during the second quarter worth approximately $259,000. Private Trust Co. NA purchased a new stake in Alger AI Enablers & Adopters ETF during the third quarter worth approximately $333,000. Finally, Thoroughbred Financial Services LLC boosted its holdings in Alger AI Enablers & Adopters ETF by 14.3% in the second quarter. Thoroughbred Financial Services LLC now owns 11,628 shares of the company’s stock valued at $358,000 after purchasing an additional 1,459 shares in the last quarter.

Alger AI Enablers & Adopters ETF Trading Down 0.5%

ALAI stock opened at $36.90 on Tuesday. Alger AI Enablers & Adopters ETF has a twelve month low of $20.03 and a twelve month high of $39.26. The company’s 50 day moving average is $36.55 and its two-hundred day moving average is $35.50. The stock has a market cap of $297.41 million, a P/E ratio of 29.71 and a beta of 1.95.

Alger AI Enablers & Adopters ETF Dividend Announcement

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

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.