Alger 35 ETF (NYSEARCA:ATFV) Trading Down 1.7% – Here’s Why

Alger 35 ETF (NYSEARCA:ATFV) shares traded down 1.7% during trading on Friday . The stock traded as low as $38.60 and last traded at $38.83. 33,848 shares were traded during trading, a decline of 3% from the average session volume of 34,999 shares. The stock had previously closed at $39.50.

Alger 35 ETF Stock Down 1.7%

The stock has a market capitalization of $149.11 million, a PE ratio of 29.96 and a beta of 1.31. The company has a 50-day moving average of $34.55 and a 200 day moving average of $34.69.

Institutional Trading of Alger 35 ETF

Several large investors have recently added to or reduced their stakes in ATFV. NewEdge Advisors LLC purchased a new stake in Alger 35 ETF in the 2nd quarter valued at $460,000. Beverly Hills Private Wealth LLC purchased a new stake in Alger 35 ETF in the 3rd quarter valued at $322,000. Equitable Holdings Inc. purchased a new stake in Alger 35 ETF in the 3rd quarter valued at $634,000. Chilton Investment Co. Inc. purchased a new stake in Alger 35 ETF in the 3rd quarter valued at $2,936,000. Finally, Citadel Advisors LLC purchased a new stake in Alger 35 ETF in the 3rd quarter valued at $227,000.

About Alger 35 ETF

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.