Tradition Wealth Management LLC bought a new position in Alger Mid Cap 40 ETF (NYSEARCA:FRTY – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 12,000 shares of the company’s stock, valued at approximately $146,000. Tradition Wealth Management LLC owned 0.50% of Alger Mid Cap 40 ETF as of its most recent filing with the SEC.
Separately, Creative Financial Designs Inc. ADV purchased a new stake in Alger Mid Cap 40 ETF in the 1st quarter worth $1,044,000.
Alger Mid Cap 40 ETF Stock Performance
Shares of FRTY stock opened at $12.89 on Thursday. Alger Mid Cap 40 ETF has a 52-week low of $11.19 and a 52-week high of $13.55. The firm has a market capitalization of $28.36 million, a PE ratio of 27.68 and a beta of 0.87. The stock has a fifty day simple moving average of $12.75 and a two-hundred day simple moving average of $12.40.
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.
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