Alger AI Enablers & Adopters ETF (ALAI) Price, Holdings, & News

ETF Overview

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.

Key Stats

• Today's Range: $27.35 to $27.50
• 50-Day Range: $20.52 to $27.56
• 52-Week Range: $18.73 to $29.22
• Volume: 6,915 shs
• Average Volume: 10,016 shs
• Market Capitalization: $33.23 million
• Assets Under Management: $33.90 million
• Dividend Yield: 0.62%
• Net Expense Ratio: 0.55%
• Aggregate Rating: Moderate Buy

ALAI ETF - Frequently Asked Questions

How have ALAI shares performed this year?

Alger AI Enablers & Adopters ETF's stock was trading at $26.23 at the start of the year. Since then, ALAI stock has increased by 4.7% and is now trading at $27.46.
View the best growth stocks for 2025 here.

Who are Alger AI Enablers & Adopters ETF's major shareholders?

Alger AI Enablers & Adopters ETF's top institutional investors include Onyx Bridge Wealth Group LLC (6.50%), HighTower Advisors LLC (2.01%) and Thoroughbred Financial Services LLC (0.84%).

How do I buy shares of Alger AI Enablers & Adopters ETF?

Shares of ALAI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Fund Details

• Issuer: Fred Alger Management
• Fund Name: Alger AI Enablers & Adopters ETF
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:ALAI
• Inception Date: 4/5/2024
• Fund Manager: Patrick Kelly
• Web: N/A
• Phone: N/A

Fund Focus

• Asset Class: Equity
• Benchmark: N/A
• Category: Strategy
• Focus: Theme
• Development Level: Blended Development
• Region: Global
• Number of Holdings: 53

Fund Statistics

• Assets Under Management: $33.90 million
• Average Daily Volume: $0.00
• Discount/Premium: -0.04%

Administrator, Advisor and Custodian

• Administrator: Fred Alger Management, LLC
• Advisor: Fred Alger Management, LLC
• Custodian: The Bank of New York Mellon Corporation
• Distributor: Alger LLC
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: Virtu Financial

Options

• Optionable: N/A
• Short Interest: 1,200 shs

Miscellaneous

• Outstanding Shares: 1,210,000
• Beta: 1.99
• Creation Fee: $100.00