Axxcess Wealth Management LLC Takes Position in Alger AI Enablers & Adopters ETF $ALAI

Axxcess Wealth Management LLC acquired a new position in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,259 shares of the company’s stock, valued at approximately $1,135,000. Axxcess Wealth Management LLC owned about 0.39% of Alger AI Enablers & Adopters ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in shares of Alger AI Enablers & Adopters ETF by 113.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 146,058 shares of the company’s stock valued at $5,477,000 after purchasing an additional 77,591 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Alger AI Enablers & Adopters ETF by 31.5% during the third quarter. Arkadios Wealth Advisors now owns 716,904 shares of the company’s stock valued at $26,884,000 after buying an additional 171,705 shares in the last quarter. Goldstein Advisors LLC bought a new position in Alger AI Enablers & Adopters ETF during the third quarter valued at about $22,294,000. Mirae Asset Securities USA Inc. acquired a new stake in shares of Alger AI Enablers & Adopters ETF in the third quarter worth about $8,438,000. Finally, Orion Porfolio Solutions LLC bought a new stake in shares of Alger AI Enablers & Adopters ETF during the 2nd quarter worth about $1,631,000.

Alger AI Enablers & Adopters ETF Stock Performance

Shares of NYSEARCA ALAI opened at $34.82 on Friday. The business’s 50-day simple moving average is $36.04 and its 200-day simple moving average is $36.10. Alger AI Enablers & Adopters ETF has a 52 week low of $20.03 and a 52 week high of $39.26. The firm has a market cap of $286.57 million, a price-to-earnings ratio of 29.71 and a beta of 1.95.

Alger AI Enablers & Adopters ETF Announces Dividend

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

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.