140,332 Shares in Alger AI Enablers & Adopters ETF $ALAI Acquired by Ocean Park Asset Management LLC

Ocean Park Asset Management LLC acquired a new stake in shares of Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 140,332 shares of the company’s stock, valued at approximately $6,405,000. Ocean Park Asset Management LLC owned 1.39% of Alger AI Enablers & Adopters ETF as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of ALAI. Kestra Advisory Services LLC acquired a new stake in Alger AI Enablers & Adopters ETF in the fourth quarter worth $33,000. Farther Finance Advisors LLC increased its position in shares of Alger AI Enablers & Adopters ETF by 198.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,283 shares of the company’s stock valued at $46,000 after buying an additional 853 shares in the last quarter. XML Financial LLC bought a new stake in shares of Alger AI Enablers & Adopters ETF in the 1st quarter valued at $207,000. Osaic Holdings Inc. raised its stake in Alger AI Enablers & Adopters ETF by 25.9% during the 2nd quarter. Osaic Holdings Inc. now owns 6,886 shares of the company’s stock worth $212,000 after buying an additional 1,415 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Alger AI Enablers & Adopters ETF during the 3rd quarter worth $227,000.

Alger AI Enablers & Adopters ETF Trading Up 0.1%

NYSEARCA:ALAI opened at $44.70 on Wednesday. Alger AI Enablers & Adopters ETF has a 1 year low of $30.84 and a 1 year high of $46.88. The stock has a market cap of $506.90 million, a price-to-earnings ratio of 29.71 and a beta of 1.93. The stock has a 50-day moving average price of $44.19 and a two-hundred day moving average price of $39.64.

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.