Alger AI Enablers & Adopters ETF $ALAI Shares Sold by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. cut its stake in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 65.6% during the 1st quarter, HoldingsChannel reports. The firm owned 20,853 shares of the company’s stock after selling 39,746 shares during the quarter. Aurora Private Wealth Inc.’s holdings in Alger AI Enablers & Adopters ETF were worth $753,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Effects LLC lifted its stake in shares of Alger AI Enablers & Adopters ETF by 4.6% during the fourth quarter. Wealth Effects LLC now owns 9,445 shares of the company’s stock worth $341,000 after purchasing an additional 413 shares in the last quarter. Colonial River Investments LLC grew its stake in shares of Alger AI Enablers & Adopters ETF by 1.7% in the fourth quarter. Colonial River Investments LLC now owns 30,779 shares of the company’s stock valued at $1,111,000 after buying an additional 520 shares in the last quarter. Prospect Financial Services LLC grew its stake in shares of Alger AI Enablers & Adopters ETF by 10.3% in the fourth quarter. Prospect Financial Services LLC now owns 7,552 shares of the company’s stock valued at $273,000 after buying an additional 707 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of 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 valued at $46,000 after buying an additional 853 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Alger AI Enablers & Adopters ETF during the 4th quarter valued at about $33,000.

Alger AI Enablers & Adopters ETF Stock Performance

Alger AI Enablers & Adopters ETF stock opened at $46.75 on Friday. The stock’s 50 day moving average price is $42.11 and its 200 day moving average price is $37.73. The firm has a market capitalization of $421.22 million, a PE ratio of 29.71 and a beta of 1.90. Alger AI Enablers & Adopters ETF has a one year low of $28.85 and a one year high of $46.75.

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.