Alger AI Enablers & Adopters ETF (ALAI)
| Assets | $289.11M |
| Expense Ratio | 0.55% |
| PE Ratio | 38.34 |
| Shares Out | 7.75M |
| Dividend (ttm) | $0.17 |
| Dividend Yield | 0.44% |
| Ex-Dividend Date | Dec 18, 2024 |
| Payout Frequency | n/a |
| Payout Ratio | 17.23% |
| Volume | 108,054 |
| Open | 39.00 |
| Previous Close | 38.65 |
| Day's Range | 38.70 - 39.26 |
| 52-Week Low | 20.03 |
| 52-Week High | 39.26 |
| Beta | n/a |
| Holdings | 62 |
| Inception Date | Apr 4, 2024 |
About ALAI
Fund Home PageThe 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.
Top 10 Holdings
60.96% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 12.83% |
| Microsoft Corporation | MSFT | 10.29% |
| Meta Platforms, Inc. | META | 7.47% |
| Amazon.com, Inc. | AMZN | 6.42% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 4.89% |
| Alphabet Inc. | GOOG | 4.10% |
| Broadcom Inc. | AVGO | 4.01% |
| Apple Inc. | AAPL | 3.96% |
| Nebius Group N.V. | NBIS | 3.83% |
| Tesla, Inc. | TSLA | 3.16% |
Performance
ALAI had a total return of 63.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 54.65%.
News
Corporate AI Adoption Goes Beyond the Search Engine
Corporate adoption of artificial intelligence is extending far beyond merely employing AI as an augmented search engine. The Alger team recently broke down how different firms in the U.S. are using ar...
How ‘Sovereign AI' Can Boost AI CapEx Spending
Corporations aren't the only major source that can drive capital expenditures (CapEx) spending on artificial intelligence infrastructure. Recent insights from Alger highlighted how spending from forei...
Surging AI Momentum Showcases Investment Opportunities
Even as some of the largest tech companies have continued to pour hundreds of billions of dollars into scaling up their AI infrastructure, some investors may be skeptical about AI's practical utility ...
AI Marketing Value Highlights Rising Demand
The corporate enthusiasm driving AI adoption isn't solely due to the helpful nature of AI chat bots. It may come as a surprise to some, but one of the industries that has been affected most by artifi...
ETF Prime: From Risk-Managed ETFs to AI Investing With WEBs & Alger
On this week's episode of ETF Prime, Ben Fulton, CEO of WEBs Investments joins Nate Geraci to discuss the firm's suite of defined volatility ETFs. Later, Arthur Nowak, Client Portfolio Manager at Alge...
AI Spending is Beginning to Payoff
It's certainly no secret that many of the largest tech companies in the world have spent billions of dollars each year to rapidly scale up their artificial intelligence operations.
New OpenAI Model Ups the Ante for AI Investing
It looks like the race for global AI innovation is quickly shifting to the next heat. On August 7, OpenAI released its latest artificial intelligence model, GPT-5.
ALAI: High Reward So Far For Artificial Intelligence Exposure
ALAI offers concentrated, growth-focused AI exposure, ideal for investors seeking active management beyond core index ETFs. I rate ALAI a Buy for those comfortable with its short track record and the ...