CFO Capital Management LLC Makes New $1.22 Million Investment in Alger AI Enablers & Adopters ETF $ALAI

CFO Capital Management LLC purchased a new stake in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,751 shares of the company’s stock, valued at approximately $1,219,000. Alger AI Enablers & Adopters ETF accounts for approximately 0.9% of CFO Capital Management LLC’s portfolio, making the stock its 29th biggest position. CFO Capital Management LLC owned approximately 0.41% of Alger AI Enablers & Adopters ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Alger AI Enablers & Adopters ETF in the 4th quarter worth about $33,000. Farther Finance Advisors LLC boosted its holdings in Alger AI Enablers & Adopters ETF by 198.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,283 shares of the company’s stock worth $46,000 after acquiring an additional 853 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Alger AI Enablers & Adopters ETF by 25.9% during the 2nd quarter. Osaic Holdings Inc. now owns 6,886 shares of the company’s stock worth $212,000 after acquiring an additional 1,415 shares during the last quarter. Brookwood Investment Group LLC bought a new stake in Alger AI Enablers & Adopters ETF during the fourth quarter worth $225,000. Finally, Integrated Wealth Concepts LLC bought a new position in Alger AI Enablers & Adopters ETF during the third quarter valued at $227,000.

Alger AI Enablers & Adopters ETF Price Performance

Shares of NYSEARCA ALAI opened at $46.75 on Friday. The company has a market cap of $421.22 million, a P/E ratio of 29.71 and a beta of 1.90. The business has a 50-day simple moving average of $42.11 and a two-hundred day simple moving average of $37.73. Alger AI Enablers & Adopters ETF has a 52 week low of $28.85 and a 52 week high of $46.75.

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.