Alger 35 ETF (NYSEARCA:ATFV – Get Free Report)’s share price was up 0.4% on Tuesday . The stock traded as high as $40.54 and last traded at $40.28. 25,523 shares changed hands during trading, a decline of 44% from the average daily volume of 45,229 shares. The stock had previously closed at $40.11.
Alger 35 ETF Trading Down 1.7%
The stock has a market capitalization of $232.46 million, a PE ratio of 29.96 and a beta of 1.32. The firm has a 50 day moving average price of $39.15 and a 200 day moving average price of $37.36.
Institutional Investors Weigh In On Alger 35 ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATFV. Northwestern Mutual Wealth Management Co. boosted its holdings in Alger 35 ETF by 977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,224 shares of the company’s stock worth $960,000 after buying an additional 22,883 shares during the period. NewEdge Advisors LLC raised its holdings in Alger 35 ETF by 1,186.9% during the first quarter. NewEdge Advisors LLC now owns 234,956 shares of the company’s stock valued at $7,371,000 after acquiring an additional 216,699 shares during the period. Castle Rock Wealth Management LLC raised its holdings in Alger 35 ETF by 97.6% during the second quarter. Castle Rock Wealth Management LLC now owns 80,078 shares of the company’s stock valued at $3,203,000 after acquiring an additional 39,546 shares during the period. CFO Capital Management LLC purchased a new position in shares of Alger 35 ETF in the fourth quarter valued at about $2,035,000. Finally, Fermata Advisors LLC purchased a new position in shares of Alger 35 ETF in the second quarter valued at about $249,000.
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.
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