Alger Mid Cap 40 ETF (NYSEARCA:FRTY) Plans Annual Dividend of $0.04

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) announced an annual dividend on Wednesday, December 17th. Investors of record on Thursday, December 18th will be paid a dividend of 0.041 per share on Wednesday, December 31st. This represents a yield of 20.0%. The ex-dividend date of this dividend is Thursday, December 18th.

Alger Mid Cap 40 ETF Stock Down 2.6%

Shares of Alger Mid Cap 40 ETF stock opened at $20.20 on Thursday. Alger Mid Cap 40 ETF has a 52-week low of $13.56 and a 52-week high of $23.36. The company has a market capitalization of $115.95 million, a P/E ratio of 36.46 and a beta of 1.12. The company has a 50 day moving average of $21.54 and a 200 day moving average of $20.56.

About Alger Mid Cap 40 ETF

The Alger Mid Cap 40 ETF (FRTY) is an exchange-traded fund that is based on the Russell Midcap Growth index. The fund is an actively-managed, non-transparent ETF that provides exposure to US mid-cap companies with growth characteristics. The fund utilizes the Precidian non-transparent model. FRTY was launched on Feb 26, 2021 and is managed by Alger.