Sanctuary Advisors LLC Purchases New Position in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI)

Sanctuary Advisors LLC acquired a new stake in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) during the 4th quarter, Holdings Channel.com reports. The fund acquired 8,477 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors have also added to or reduced their stakes in the company. Fred Alger Management LLC purchased a new position in shares of Alger AI Enablers & Adopters ETF in the third quarter worth $99,000. Wealth Effects LLC bought a new stake in Alger AI Enablers & Adopters ETF in the 4th quarter worth about $224,000. Finally, Onyx Bridge Wealth Group LLC bought a new stake in Alger AI Enablers & Adopters ETF in the 4th quarter worth about $1,177,000.

Alger AI Enablers & Adopters ETF Stock Performance

ALAI opened at $25.07 on Thursday. The company’s 50-day simple moving average is $27.22 and its two-hundred day simple moving average is $25.28. The stock 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 52-week low of $18.45 and a 52-week high of $29.22.

Alger AI Enablers & Adopters ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th were given a dividend of $0.1732 per share. 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.