NewEdge Advisors LLC Decreases Stock Position in Alger Mid Cap 40 ETF $FRTY

NewEdge Advisors LLC trimmed its holdings in Alger Mid Cap 40 ETF (NYSEARCA:FRTY) by 96.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the company’s stock after selling 43,402 shares during the period. NewEdge Advisors LLC’s holdings in Alger Mid Cap 40 ETF were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Janney Montgomery Scott LLC acquired a new position in Alger Mid Cap 40 ETF during the first quarter worth about $204,000.

Alger Mid Cap 40 ETF Price Performance

Shares of NYSEARCA FRTY opened at $23.53 on Friday. Alger Mid Cap 40 ETF has a 12-month low of $18.46 and a 12-month high of $24.82. The company has a market capitalization of $151.77 million, a PE ratio of 36.46 and a beta of 1.12. The firm’s 50-day moving average is $23.13 and its two-hundred day moving average is $21.83.

Alger Mid Cap 40 ETF Profile

The Alger Mid Cap 40 ETF (FRTY) is an exchange-traded fund that is based on the Russell Midcap Growth index. The fund is an actively-managed, non-transparent ETF that provides exposure to US mid-cap companies with growth characteristics. The fund utilizes the Precidian non-transparent model. FRTY was launched on Feb 26, 2021 and is managed by Alger.