Fred Alger Management LLC Acquires New Shares in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI)

Fred Alger Management LLC acquired a new stake in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,237 shares of the company’s stock, valued at approximately $99,000. Fred Alger Management LLC owned about 1.88% of Alger AI Enablers & Adopters ETF as of its most recent SEC filing.

Alger AI Enablers & Adopters ETF Price Performance

NYSEARCA:ALAI opened at $26.27 on Monday. Alger AI Enablers & Adopters ETF has a 1 year low of $18.45 and a 1 year high of $26.31. The business has a fifty day moving average of $24.46 and a 200-day moving average of $22.58.

About Alger AI Enablers & Adopters ETF

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.