Wealth Effects LLC Takes Position in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI)

Wealth Effects LLC purchased a new position in Alger AI Enablers & Adopters ETF (NYSEARCA:ALAI) during the fourth quarter, Holdings Channel reports. The fund purchased 8,531 shares of the company’s stock, valued at approximately $224,000.

Separately, Fred Alger Management LLC bought a new stake in Alger AI Enablers & Adopters ETF in the third quarter worth $99,000.

Alger AI Enablers & Adopters ETF Price Performance

NYSEARCA:ALAI opened at $27.32 on Wednesday. Alger AI Enablers & Adopters ETF has a fifty-two week low of $18.45 and a fifty-two week high of $28.75. The business has a 50 day moving average price of $26.91 and a 200-day moving average price of $24.13.

Alger AI Enablers & Adopters ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.1732 per share. The ex-dividend date 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.