Stratos Wealth Partners LTD. Has $4.22 Million Stake in Alger AI Enablers & Adopters ETF $ALAI

Stratos Wealth Partners LTD. raised its position in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 134.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,966 shares of the company’s stock after buying an additional 67,042 shares during the quarter. Stratos Wealth Partners LTD. owned about 1.45% of Alger AI Enablers & Adopters ETF worth $4,224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALAI. Goldstein Advisors LLC acquired a new stake in shares of Alger AI Enablers & Adopters ETF during the 3rd quarter worth approximately $22,294,000. Mirae Asset Securities USA Inc. acquired a new position in Alger AI Enablers & Adopters ETF during the third quarter valued at approximately $8,438,000. Great Valley Advisor Group Inc. bought a new stake in Alger AI Enablers & Adopters ETF during the second quarter worth $5,866,000. Arkadios Wealth Advisors lifted its stake 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 worth $26,884,000 after purchasing an additional 171,705 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in shares of Alger AI Enablers & Adopters ETF by 249.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 184,629 shares of the company’s stock valued at $6,924,000 after purchasing an additional 131,752 shares in the last quarter.

Alger AI Enablers & Adopters ETF Stock Performance

Shares of ALAI opened at $33.70 on Monday. Alger AI Enablers & Adopters ETF has a 52-week low of $20.03 and a 52-week high of $39.26. The business’s fifty day moving average is $34.38 and its 200-day moving average is $36.04. The firm has a market cap of $283.08 million, a price-to-earnings ratio of 29.71 and a beta of 1.95.

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.