Alger AI Enablers & Adopters ETF $ALAI Stock Sold by Goldstein Advisors LLC

Goldstein Advisors LLC lowered its holdings in shares of Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 26.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 470,273 shares of the company’s stock after selling 167,970 shares during the period. Alger AI Enablers & Adopters ETF makes up 1.9% of Goldstein Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Goldstein Advisors LLC’s holdings in Alger AI Enablers & Adopters ETF were worth $21,854,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Arkadios Wealth Advisors grew its holdings in Alger AI Enablers & Adopters ETF by 35.9% in the first quarter. Arkadios Wealth Advisors now owns 1,155,852 shares of the company’s stock worth $38,189,000 after purchasing an additional 305,456 shares during the period. Ocean Park Asset Management LLC bought a new position in shares of Alger AI Enablers & Adopters ETF during the second quarter valued at approximately $6,405,000. CFO Capital Management LLC purchased a new position in shares of Alger AI Enablers & Adopters ETF during the fourth quarter valued at approximately $1,219,000. Grove Bank & Trust lifted its holdings in shares of Alger AI Enablers & Adopters ETF by 2,491.1% during the third quarter. Grove Bank & Trust now owns 32,751 shares of the company’s stock valued at $1,522,000 after purchasing an additional 31,487 shares during the last quarter. Finally, Sax Wealth Advisors LLC purchased a new position in shares of Alger AI Enablers & Adopters ETF during the third quarter valued at approximately $1,313,000.

Alger AI Enablers & Adopters ETF Stock Down 0.4%

Shares of ALAI opened at $44.54 on Friday. The business’s 50 day moving average price is $45.62 and its 200-day moving average price is $43.31. Alger AI Enablers & Adopters ETF has a 52 week low of $30.84 and a 52 week high of $48.36. The stock has a market cap of $1.36 billion, a P/E ratio of 29.71 and a beta of 1.89.

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.