Alger AI Enablers & Adopters ETF (ALAI)
| Assets | $267.37M |
| Expense Ratio | 0.55% |
| PE Ratio | 37.22 |
| Shares Out | 7.23M |
| Dividend (ttm) | $0.17 |
| Dividend Yield | 0.46% |
| Ex-Dividend Date | Dec 18, 2024 |
| Payout Frequency | n/a |
| Payout Ratio | 17.05% |
| Volume | 82,577 |
| Open | 37.65 |
| Previous Close | 37.48 |
| Day's Range | 37.63 - 38.07 |
| 52-Week Low | 20.03 |
| 52-Week High | 38.40 |
| Beta | n/a |
| Holdings | 60 |
| 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
61.98% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 12.66% |
| Microsoft Corporation | MSFT | 9.63% |
| Meta Platforms, Inc. | META | 7.55% |
| Amazon.com, Inc. | AMZN | 6.29% |
| Nebius Group N.V. | NBIS | 6.09% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 4.79% |
| AppLovin Corporation | APP | 4.12% |
| Alphabet Inc. | GOOG | 3.87% |
| Broadcom Inc. | AVGO | 3.80% |
| Western Digital Corporation | WDC | 3.18% |
Performance
ALAI had a total return of 64.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 53.77%.
News
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.
Approaching AI Investing With a Bottom-Up Focus
While some previously stable U.S. equity sectors saw some volatility due to macroeconomic uncertainty, one sector that has remained relatively steadfast is artificial intelligence. Many of the compani...
Access Opportunities in Rising Corporate AI Adoption
New research is showcasing how corporate investment in AI likely won't be going away any time soon. Ernst & Young released its first AI Pulse Survey in July.
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 ...