Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Announces Dividend of $0.02

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) declared a dividend on Tuesday, December 17th,NASDAQ Dividends reports. Investors of record on Wednesday, December 18th will be given a dividend of 0.0188 per share on Tuesday, December 31st. The ex-dividend date is Wednesday, December 18th.

Alger Mid Cap 40 ETF Trading Down 5.2 %

Shares of NYSEARCA FRTY traded down $1.03 during mid-day trading on Wednesday, hitting $18.68. The company had a trading volume of 26,120 shares, compared to its average volume of 23,463. The stock’s 50-day moving average price is $18.86 and its 200-day moving average price is $17.15. The company has a market capitalization of $39.79 million, a price-to-earnings ratio of 60.83 and a beta of 1.39. Alger Mid Cap 40 ETF has a 1 year low of $13.00 and a 1 year high of $21.14.

About Alger Mid Cap 40 ETF

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.