Mirae Asset Securities USA Inc. Buys Shares of 225,000 Alger AI Enablers & Adopters ETF $ALAI

Mirae Asset Securities USA Inc. purchased a new position in shares of Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 225,000 shares of the company’s stock, valued at approximately $8,438,000. Alger AI Enablers & Adopters ETF comprises about 0.3% of Mirae Asset Securities USA Inc.’s portfolio, making the stock its 13th biggest position. Mirae Asset Securities USA Inc. owned 3.02% of Alger AI Enablers & Adopters ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldstein Advisors LLC bought a new stake in shares of Alger AI Enablers & Adopters ETF in the third quarter worth $22,294,000. Arkadios Wealth Advisors bought a new position in Alger AI Enablers & Adopters ETF in the second quarter valued at $16,819,000. Great Valley Advisor Group Inc. acquired a new stake in Alger AI Enablers & Adopters ETF in the 2nd quarter valued at $5,866,000. Commonwealth Equity Services LLC increased its stake in Alger AI Enablers & Adopters ETF by 113.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 146,058 shares of the company’s stock valued at $5,477,000 after buying an additional 77,591 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its position in Alger AI Enablers & Adopters ETF by 2.6% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 80,721 shares of the company’s stock worth $2,490,000 after buying an additional 2,012 shares in the last quarter.

Alger AI Enablers & Adopters ETF Price Performance

Alger AI Enablers & Adopters ETF stock opened at $37.01 on Friday. The company has a market cap of $297.56 million, a price-to-earnings ratio of 29.71 and a beta of 1.95. The firm has a 50-day moving average of $36.63 and a 200-day moving average of $35.15. Alger AI Enablers & Adopters ETF has a one year low of $20.03 and a one year high of $39.26.

Alger AI Enablers & Adopters ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 18th were given a dividend of $0.5411 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 151.0%.

Alger AI Enablers & Adopters ETF 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.