Axxcess Wealth Management LLC Makes New Investment in Alger AI Enablers & Adopters ETF $ALAI

Axxcess Wealth Management LLC acquired a new position in shares of Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 30,259 shares of the company’s stock, valued at approximately $1,135,000.

A number of other large investors have also bought and sold shares of the business. Whipplewood Advisors LLC grew its holdings in shares of Alger AI Enablers & Adopters ETF by 39,302.0% during the second quarter. Whipplewood Advisors LLC now owns 39,402 shares of the company’s stock worth $1,216,000 after purchasing an additional 39,302 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Alger AI Enablers & Adopters ETF by 24.4% during the 2nd 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 during the last quarter. Arkadios Wealth Advisors bought a new position in shares of Alger AI Enablers & Adopters ETF in the second quarter worth about $16,819,000. Atria Investments Inc acquired a new position in shares of Alger AI Enablers & Adopters ETF during the second quarter worth approximately $449,000. Finally, Thoroughbred Financial Services LLC grew its stake in shares of Alger AI Enablers & Adopters ETF by 14.3% during the second quarter. Thoroughbred Financial Services LLC now owns 11,628 shares of the company’s stock valued at $358,000 after purchasing an additional 1,459 shares during the last quarter.

Alger AI Enablers & Adopters ETF Price Performance

Shares of Alger AI Enablers & Adopters ETF stock opened at $34.82 on Friday. The firm has a 50 day simple moving average of $36.04 and a 200 day simple moving average of $36.10. 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 $286.57 million, a P/E ratio of 29.71 and a beta of 1.95.

Alger AI Enablers & Adopters ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 18th were issued a $0.5411 dividend. This represents a yield of 151.0%. The ex-dividend date was Thursday, December 18th.

Alger AI Enablers & Adopters ETF 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.