Western Pacific Wealth Management LP Acquires 38,354 Shares of Alger AI Enablers & Adopters ETF $ALAI

Western Pacific Wealth Management LP raised its holdings in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 354.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,169 shares of the company’s stock after purchasing an additional 38,354 shares during the period. Alger AI Enablers & Adopters ETF accounts for approximately 1.9% of Western Pacific Wealth Management LP’s portfolio, making the stock its 13th largest holding. Western Pacific Wealth Management LP owned approximately 0.12% of Alger AI Enablers & Adopters ETF worth $2,285,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ALAI. Farther Finance Advisors LLC raised its holdings in shares of Alger AI Enablers & Adopters ETF by 160.6% in the third quarter. Farther Finance Advisors LLC now owns 3,343 shares of the company’s stock worth $155,000 after acquiring an additional 2,060 shares during the last quarter. WealthBridge Capital Management LLC acquired a new stake in shares of Alger AI Enablers & Adopters ETF during the third quarter valued at $248,000. XML Financial LLC acquired a new stake in shares of Alger AI Enablers & Adopters ETF during the first quarter valued at $207,000. Three Magnolias Financial Advisors LLC increased its position in Alger AI Enablers & Adopters ETF by 23.5% during the 3rd quarter. Three Magnolias Financial Advisors LLC now owns 9,269 shares of the company’s stock worth $431,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Sankala Group LLC purchased a new stake in Alger AI Enablers & Adopters ETF during the 4th quarter worth about $333,000.

Alger AI Enablers & Adopters ETF Trading Down 3.3%

Shares of ALAI stock opened at $43.06 on Friday. The firm has a 50-day moving average price of $45.58 and a 200 day moving average price of $43.30. Alger AI Enablers & Adopters ETF has a twelve month low of $30.84 and a twelve month high of $48.36. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 29.71 and a beta of 1.89.

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.