Alger Mid Cap 40 ETF (NYSEARCA:FRTY – Get Free Report) dropped 0.1% on Friday . The stock traded as low as $15.95 and last traded at $16.17. Approximately 4,735 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 10,388 shares. The stock had previously closed at $16.19.
Alger Mid Cap 40 ETF Price Performance
The company has a 50-day moving average price of $15.87 and a two-hundred day moving average price of $14.99. The company has a market cap of $34.44 million, a PE ratio of 60.83 and a beta of 1.39.
Alger Mid Cap 40 ETF Company Profile
The Alger Mid Cap 40 ETF (FRTY) is an exchange-traded fund that is based on the Russell Midcap Growth index. The fund is an actively-managed, non-transparent ETF that provides exposure to US mid-cap companies with growth characteristics. The fund utilizes the Precidian non-transparent model. FRTY was launched on Feb 26, 2021 and is managed by Alger.
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