NewEdge Advisors LLC Buys 216,699 Shares of Alger 35 ETF $ATFV

NewEdge Advisors LLC lifted its stake in Alger 35 ETF (NYSEARCA:ATFV) by 1,186.9% in the 1st quarter, HoldingsChannel reports. The firm owned 234,956 shares of the company’s stock after buying an additional 216,699 shares during the quarter. NewEdge Advisors LLC owned 0.06% of Alger 35 ETF worth $7,371,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Alger 35 ETF during the third quarter valued at about $83,000. Onyx Bridge Wealth Group LLC raised its stake in Alger 35 ETF by 30.5% in the first quarter. Onyx Bridge Wealth Group LLC now owns 12,320 shares of the company’s stock worth $386,000 after buying an additional 2,881 shares in the last quarter. Castle Rock Wealth Management LLC lifted its holdings in Alger 35 ETF by 8.0% in the fourth quarter. Castle Rock Wealth Management LLC now owns 39,811 shares of the company’s stock worth $1,342,000 after buying an additional 2,960 shares during the period. CFO Capital Management LLC lifted its holdings in Alger 35 ETF by 5.8% in the first quarter. CFO Capital Management LLC now owns 61,747 shares of the company’s stock worth $1,937,000 after buying an additional 3,384 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Alger 35 ETF by 46.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,774 shares of the company’s stock valued at $480,000 after acquiring an additional 4,365 shares in the last quarter.

Alger 35 ETF Stock Performance

Alger 35 ETF stock opened at $37.36 on Friday. Alger 35 ETF has a fifty-two week low of $29.73 and a fifty-two week high of $42.00. The stock’s 50 day simple moving average is $39.36 and its two-hundred day simple moving average is $36.29. The stock has a market cap of $218.56 million, a price-to-earnings ratio of 29.96 and a beta of 1.31.

Alger 35 ETF Profile

The Alger 35 ETF (ATFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that holds a concentrated portfolio of global growth stocks. The fund utilizes the Precidian non-transparent model. ATFV was launched on May 3, 2021 and is managed by Alger.