Alger 35 ETF (NYSEARCA:ATFV) Sees Large Volume Increase – Should You Buy?

Alger 35 ETF (NYSEARCA:ATFV) shares saw strong trading volume on Monday. Approximately 109,635 shares changed hands during mid-day trading, an increase of 133% from the previous session’s volume of 47,062 shares. The stock last traded at $37.9510 and had previously closed at $37.44.

Alger 35 ETF Stock Performance

The stock’s 50-day moving average is $40.04 and its 200 day moving average is $38.78. The firm has a market cap of $612.77 million, a P/E ratio of 29.96 and a beta of 1.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fermata Advisors LLC lifted its holdings in shares of Alger 35 ETF by 15.8% during the 3rd quarter. Fermata Advisors LLC now owns 6,950 shares of the company’s stock valued at $283,000 after purchasing an additional 950 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its position in shares of Alger 35 ETF by 8.5% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 16,720 shares of the company’s stock valued at $680,000 after purchasing an additional 1,305 shares during the period. Avior Wealth Management LLC grew its position in shares of Alger 35 ETF by 18.6% in the 3rd quarter. Avior Wealth Management LLC now owns 16,274 shares of the company’s stock valued at $662,000 after purchasing an additional 2,550 shares during the period. CFO Capital Management LLC increased its stake in Alger 35 ETF by 5.8% during the 1st quarter. CFO Capital Management LLC now owns 61,747 shares of the company’s stock worth $1,937,000 after purchasing an additional 3,384 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in Alger 35 ETF by 32.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 43,018 shares of the company’s stock worth $1,782,000 after purchasing an additional 10,546 shares in the last quarter.

Alger 35 ETF Company 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.