Alger Mid Cap 40 ETF (FRTY) to Issue Dividend of $0.02 on December 31st

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) announced a dividend on Tuesday, December 17th,NASDAQ Dividends reports. Shareholders of record on Wednesday, December 18th will be given a dividend of 0.0188 per share on Tuesday, December 31st. The ex-dividend date of this dividend is Wednesday, December 18th.

Alger Mid Cap 40 ETF Stock Performance

Alger Mid Cap 40 ETF stock opened at $18.68 on Thursday. The firm has a market capitalization of $39.79 million, a price-to-earnings ratio of 60.83 and a beta of 1.39. Alger Mid Cap 40 ETF has a fifty-two week low of $13.00 and a fifty-two week high of $21.14. The stock’s fifty day moving average is $18.88 and its two-hundred day moving average is $17.16.

Alger Mid Cap 40 ETF Company Profile

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.