Alger 35 ETF (NYSEARCA:ATFV) Trading Down 0.3%

Alger 35 ETF (NYSEARCA:ATFV)’s share price dropped 0.3% on Tuesday . The stock traded as low as $20.21 and last traded at $20.21. Approximately 220 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 6,639 shares. The stock had previously closed at $20.27.

Alger 35 ETF Stock Performance

The firm’s 50 day moving average price is $19.76 and its two-hundred day moving average price is $17.34. The firm has a market cap of $17.78 million, a PE ratio of 24.98 and a beta of 1.05.

Hedge Funds Weigh In On Alger 35 ETF

A hedge fund recently raised its stake in Alger 35 ETF stock. Fred Alger Management LLC increased its stake in shares of Alger 35 ETF (NYSEARCA:ATFV) by 1.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 375,537 shares of the company’s stock after purchasing an additional 6,398 shares during the period. Fred Alger Management LLC owned approximately 42.67% of Alger 35 ETF worth $5,445,000 at the end of the most recent reporting period.

About Alger 35 ETF

The Alger 35 ETF (ATFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of global growth stocks. The fund utilizes the Precidian non-transparent model. ATFV was launched on May 3, 2021 and is managed by Alger.