Alger Mid Cap 40 ETF $FRTY Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its position in Alger Mid Cap 40 ETF (NYSEARCA:FRTY) by 96.7% during the first quarter, Holdings Channel.com reports. The firm owned 1,500 shares of the company’s stock after selling 43,402 shares during the period. NewEdge Advisors LLC’s holdings in Alger Mid Cap 40 ETF were worth $29,000 at the end of the most recent quarter.

Separately, Janney Montgomery Scott LLC acquired a new position in shares of Alger Mid Cap 40 ETF in the first quarter valued at approximately $204,000.

Alger Mid Cap 40 ETF Stock Performance

Shares of FRTY opened at $23.53 on Friday. The company has a market capitalization of $151.77 million, a price-to-earnings ratio of 36.46 and a beta of 1.12. The company’s 50 day simple moving average is $23.13 and its 200 day simple moving average is $21.83. Alger Mid Cap 40 ETF has a 1 year low of $18.46 and a 1 year high of $24.82.

Alger Mid Cap 40 ETF Profile

The Alger Mid Cap 40 ETF (FRTY) is an exchange-traded fund that is based on the Russell Midcap Growth index. The fund is an actively-managed, non-transparent ETF that provides exposure to US mid-cap companies with growth characteristics. The fund utilizes the Precidian non-transparent model. FRTY was launched on Feb 26, 2021 and is managed by Alger.