Apollon Financial LLC Acquires 24,362 Shares of Alger AI Enablers & Adopters ETF $ALAI

Apollon Financial LLC lifted its stake in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 88.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,013 shares of the company’s stock after purchasing an additional 24,362 shares during the period. Apollon Financial LLC owned 0.65% of Alger AI Enablers & Adopters ETF worth $1,878,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Grove Bank & Trust acquired a new stake in shares of Alger AI Enablers & Adopters ETF in the 3rd quarter valued at approximately $47,000. Integrated Wealth Concepts LLC bought a new stake in Alger AI Enablers & Adopters ETF in the third quarter valued at approximately $227,000. Brookwood Investment Group LLC bought a new stake in Alger AI Enablers & Adopters ETF in the fourth quarter valued at approximately $225,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Alger AI Enablers & Adopters ETF in the fourth quarter worth $238,000. Finally, Osaic Holdings Inc. raised its holdings in Alger AI Enablers & Adopters ETF by 25.9% in the second quarter. Osaic Holdings Inc. now owns 6,886 shares of the company’s stock worth $212,000 after purchasing an additional 1,415 shares during the period.

Alger AI Enablers & Adopters ETF Stock Up 1.4%

Shares of NYSEARCA ALAI opened at $36.11 on Friday. Alger AI Enablers & Adopters ETF has a twelve month low of $20.89 and a twelve month high of $39.26. The stock has a market cap of $306.57 million, a price-to-earnings ratio of 29.71 and a beta of 1.85. The company’s fifty day moving average is $34.21 and its 200-day moving average is $35.98.

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.