Alger AI Enablers & Adopters ETF $ALAI Stock Bought by Sunrise Financial Services LLC

Sunrise Financial Services LLC boosted its position in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) by 11.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,369 shares of the company’s stock after purchasing an additional 13,036 shares during the quarter. Alger AI Enablers & Adopters ETF makes up 3.4% of Sunrise Financial Services LLC’s portfolio, making the stock its 11th biggest position. Sunrise Financial Services LLC owned approximately 0.33% of Alger AI Enablers & Adopters ETF worth $6,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Western Pacific Wealth Management LP boosted its holdings in shares of Alger AI Enablers & Adopters ETF by 354.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 49,169 shares of the company’s stock valued at $2,285,000 after buying an additional 38,354 shares in the last quarter. WealthBridge Capital Management LLC bought a new position in shares of Alger AI Enablers & Adopters ETF in the 3rd quarter worth about $248,000. Three Magnolias Financial Advisors LLC lifted 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 valued at $431,000 after acquiring an additional 1,764 shares during the period. Sax Wealth Advisors LLC purchased a new position in Alger AI Enablers & Adopters ETF during the 3rd quarter valued at about $1,313,000. Finally, Grove Bank & Trust boosted its stake in Alger AI Enablers & Adopters ETF by 2,491.1% during the third quarter. Grove Bank & Trust now owns 32,751 shares of the company’s stock worth $1,522,000 after acquiring an additional 31,487 shares in the last quarter.

Alger AI Enablers & Adopters ETF Stock Performance

Shares of ALAI opened at $44.34 on Thursday. The stock has a market cap of $1.76 billion, a PE ratio of 29.71 and a beta of 1.89. Alger AI Enablers & Adopters ETF has a fifty-two week low of $30.84 and a fifty-two week high of $48.36. The firm’s 50-day simple moving average is $45.51 and its two-hundred day simple moving average is $43.61.

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.