Whipplewood Advisors LLC Acquires Shares of 10,852 Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI)

Posted by Grant Hamersma on Feb 27th, 2025

Whipplewood Advisors LLC bought a new position in shares of Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,852 shares of the company’s stock, valued at approximately $285,000. Whipplewood Advisors LLC owned about 4.82% of Alger AI Enablers & Adopters ETF at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ALAI. Fred Alger Management LLC acquired a new stake in Alger AI Enablers & Adopters ETF during the 3rd quarter worth $99,000. Wealth Effects LLC purchased a new stake in shares of Alger AI Enablers & Adopters ETF in the fourth quarter valued at about $224,000. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Alger AI Enablers & Adopters ETF during the fourth quarter worth about $1,177,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Alger AI Enablers & Adopters ETF during the fourth quarter worth about $234,000.

Alger AI Enablers & Adopters ETF Stock Up 1.1 %

Shares of ALAI stock opened at $26.29 on Thursday. Alger AI Enablers & Adopters ETF has a 52-week low of $18.45 and a 52-week high of $29.22. The stock’s 50-day moving average price is $27.39 and its 200 day moving average price is $25.15. The stock has a market capitalization of $31.29 million, a PE ratio of 38.90 and a beta of 1.99.

Alger AI Enablers & Adopters ETF Announces Dividend

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

Alger AI Enablers & Adopters ETF Profile

(Free Report)

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.