27,651 Shares in Alger AI Enablers & Adopters ETF $ALAI Bought by Apollon Financial LLC

Apollon Financial LLC purchased a new stake in shares of Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 27,651 shares of the company’s stock, valued at approximately $1,037,000.

Several other hedge funds have also recently added to or reduced their stakes in ALAI. Grove Bank & Trust purchased a new position in shares of Alger AI Enablers & Adopters ETF in the 3rd quarter worth about $47,000. Osaic Holdings Inc. lifted its position in Alger AI Enablers & Adopters ETF by 25.9% in the 2nd quarter. Osaic Holdings Inc. now owns 6,886 shares of the company’s stock worth $212,000 after buying an additional 1,415 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in Alger AI Enablers & Adopters ETF by 14.3% in the second quarter. Thoroughbred Financial Services LLC now owns 11,628 shares of the company’s stock worth $358,000 after buying an additional 1,459 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its position in Alger AI Enablers & Adopters ETF by 2.6% during the second quarter. Onyx Bridge Wealth Group LLC now owns 80,721 shares of the company’s stock valued at $2,490,000 after acquiring an additional 2,012 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Alger AI Enablers & Adopters ETF by 24.4% during the second quarter. Envestnet Asset Management Inc. now owns 14,113 shares of the company’s stock worth $435,000 after acquiring an additional 2,768 shares in the last quarter.

Alger AI Enablers & Adopters ETF Stock Performance

Shares of ALAI opened at $36.92 on Friday. Alger AI Enablers & Adopters ETF has a fifty-two week low of $20.03 and a fifty-two week high of $39.26. The firm has a market cap of $287.24 million, a price-to-earnings ratio of 29.71 and a beta of 1.95. The firm has a 50 day moving average price of $36.85 and a 200-day moving average price of $34.67.

Alger AI Enablers & Adopters ETF Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, December 18th will be given a dividend of $0.5411 per share. This represents a yield of 151.0%. The ex-dividend date is Thursday, December 18th.

Alger AI Enablers & Adopters ETF Company Profile

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.