Alger AI Enablers & Adopters ETF $ALAI Stock Purchased by Grove Bank & Trust

Grove Bank & Trust boosted its stake in shares of Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 2,491.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,751 shares of the company’s stock after purchasing an additional 31,487 shares during the period. Grove Bank & Trust owned approximately 0.12% of Alger AI Enablers & Adopters ETF worth $1,522,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ALAI. XML Financial LLC grew its stake in shares of Alger AI Enablers & Adopters ETF by 5.5% during the 2nd quarter. XML Financial LLC now owns 6,625 shares of the company’s stock valued at $302,000 after buying an additional 345 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Alger AI Enablers & Adopters ETF by 5.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,125 shares of the company’s stock worth $462,000 after buying an additional 565 shares during the period. Noble Wealth Management PBC raised its position in shares of Alger AI Enablers & Adopters ETF by 1.4% in the 3rd quarter. Noble Wealth Management PBC now owns 67,522 shares of the company’s stock worth $3,138,000 after buying an additional 954 shares during the period. CFO Capital Management LLC boosted its holdings in Alger AI Enablers & Adopters ETF by 3.8% in the first quarter. CFO Capital Management LLC now owns 35,036 shares of the company’s stock valued at $1,158,000 after acquiring an additional 1,285 shares during the last quarter. Finally, PCG Wealth Advisors LLC grew its position in Alger AI Enablers & Adopters ETF by 4.3% during the second quarter. PCG Wealth Advisors LLC now owns 35,845 shares of the company’s stock valued at $1,636,000 after acquiring an additional 1,472 shares during the period.

Alger AI Enablers & Adopters ETF Trading Down 2.4%

NYSEARCA:ALAI traded down $1.13 on Thursday, hitting $46.49. 61,085 shares of the stock were exchanged, compared to its average volume of 84,627. The stock has a market cap of $1.25 billion, a PE ratio of 29.71 and a beta of 1.89. The stock has a fifty day moving average of $45.38 and a 200-day moving average of $42.76. Alger AI Enablers & Adopters ETF has a fifty-two week low of $30.84 and a fifty-two week high of $48.36.

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.