Northwestern Mutual Wealth Management Co. boosted its stake in Alger 35 ETF (NYSEARCA:ATFV – Free Report) by 977.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,224 shares of the company’s stock after purchasing an additional 22,883 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Alger 35 ETF were worth $960,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in ATFV. Global Retirement Partners LLC acquired a new stake in Alger 35 ETF in the 4th quarter valued at $182,000. Citadel Advisors LLC acquired a new stake in Alger 35 ETF in the 3rd quarter valued at $227,000. Integrated Wealth Concepts LLC acquired a new stake in Alger 35 ETF in the 3rd quarter valued at $249,000. Harbour Investments Inc. grew its stake in shares of Alger 35 ETF by 3,458.8% during the fourth quarter. Harbour Investments Inc. now owns 8,541 shares of the company’s stock valued at $298,000 after acquiring an additional 8,301 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Alger 35 ETF during the fourth quarter valued at about $310,000.
Alger 35 ETF Price Performance
Shares of Alger 35 ETF stock opened at $39.05 on Tuesday. The business has a 50-day moving average of $36.86 and a 200-day moving average of $35.19. The company has a market capitalization of $149.95 million, a PE ratio of 29.96 and a beta of 1.33. Alger 35 ETF has a 1-year low of $27.49 and a 1-year high of $41.94.
Alger 35 ETF Profile
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.
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