Sanctuary Advisors LLC Acquires Shares of 8,477 Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI)

Sanctuary Advisors LLC bought a new position in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,477 shares of the company’s stock, valued at approximately $234,000. Sanctuary Advisors LLC owned 3.77% of Alger AI Enablers & Adopters ETF at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Onyx Bridge Wealth Group LLC bought a new stake in Alger AI Enablers & Adopters ETF during the fourth quarter worth about $1,177,000. Wealth Effects LLC purchased a new position in shares of Alger AI Enablers & Adopters ETF during the fourth quarter valued at approximately $224,000. Finally, Fred Alger Management LLC bought a new stake in shares of Alger AI Enablers & Adopters ETF in the 3rd quarter worth approximately $99,000.

Alger AI Enablers & Adopters ETF Stock Up 1.7 %

Alger AI Enablers & Adopters ETF stock opened at $25.07 on Thursday. The stock’s 50 day moving average is $27.22 and its 200 day moving average is $25.28. The company has a market capitalization of $29.83 million, a P/E ratio of 38.90 and a beta of 1.99. Alger AI Enablers & Adopters ETF has a twelve month low of $18.45 and a twelve month high of $29.22.

Alger AI Enablers & Adopters ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th were paid a $0.1732 dividend. The ex-dividend date of this dividend was Wednesday, December 18th.

About Alger AI Enablers & Adopters ETF

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.