Alger AI Enablers & Adopters ETF (ALAI) to Issue Annual Dividend of $0.54 on December 31st

Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) announced an annual dividend on Wednesday, December 17th. Investors of record on Thursday, December 18th will be paid a dividend of 0.5411 per share on Wednesday, December 31st. This represents a yield of 151.0%. The ex-dividend date is Thursday, December 18th.

Alger AI Enablers & Adopters ETF Price Performance

NYSEARCA:ALAI opened at $35.75 on Friday. The business’s 50-day moving average is $36.90 and its two-hundred day moving average is $34.30. The firm has a market capitalization of $278.14 million, a PE ratio of 29.71 and a beta of 1.95. Alger AI Enablers & Adopters ETF has a 12 month low of $20.03 and a 12 month high of $39.26.

Hedge Funds Weigh In On Alger AI Enablers & Adopters ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Grove Bank & Trust acquired a new stake in Alger AI Enablers & Adopters ETF in the third quarter valued at approximately $47,000. Integrated Wealth Concepts LLC purchased a new position in shares of Alger AI Enablers & Adopters ETF in the third quarter valued at $227,000. Osaic Holdings Inc. grew its holdings 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 valued at $212,000 after purchasing an additional 1,415 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Alger AI Enablers & Adopters ETF during the 3rd quarter worth $271,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Alger AI Enablers & Adopters ETF during the 3rd quarter worth $297,000.

Alger AI Enablers & Adopters ETF Company 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.