Alger Mid Cap 40 ETF (FRTY)
| Assets | $29.73M |
| Expense Ratio | 0.60% |
| PE Ratio | 24.07 |
| Shares Out | 2.39M |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | Dec 16, 2021 |
| Payout Ratio | n/a |
| 1-Year Return | -29.07% |
| Volume | 496 |
| Open | 12.43 |
| Previous Close | 12.39 |
| Day's Range | 12.43 - 12.68 |
| 52-Week Low | 11.20 |
| 52-Week High | 18.93 |
| Beta | 0.87 |
| Holdings | 41 |
| Inception Date | Feb 26, 2021 |
About FRTY
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.
Top 10 Holdings
44.44% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash | n/a | 8.60% |
| HEICO Corporation | HEI.A | 6.22% |
| McKesson Corporation | MCK | 4.50% |
| Diamondback Energy, Inc. | FANG | 4.13% |
| Liberty Formula One Group C | FWONK | 4.01% |
| Natera, Inc. | NTRA | 3.88% |
| Casella Waste Systems, Inc. | CWST | 3.41% |
| Veeva Systems Inc. | VEEV | 3.36% |
| MGM Resorts International | MGM | 3.26% |
| Axonics, Inc. | AXNX | 3.08% |
News
ETF Leaders Powered by the NYSE: Alger's Arthur Nowak
Alger vice president Arthur Nowak thinks “the biggest opportunities right now are in growth equities, particularly in the small-cap and midcap space… because some of the deep valuation discounts” thes...
Active Funds Are Dominating 2021 ETF Launches
The first half of 2021 brought a torrid pace of exchange traded funds debuts, with 200 rookie ETFs coming to market. As CFRA Research Director of ETF & Mutual Fund Research Todd Rosenbluth points out,...
ETF of the Week: Alger Mid Cap 40 ETF (FRTY)
ETF Trends CEO Tom Lydon discussed the Alger Mid Cap 40 ETF (FRTY) on this week's “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. FRTY primarily invests in a focused portfolio of app...
Don't Dilute Your Dollars with an Index-Only Strategy
Traditional index fund investments may provide broad market exposure, but they may also dilute access to some of the best ideas on the market today. How can financial advisors safely invest their fund...
Inside Alger's New Active Mid Cap ETF
Earlier this month, Fred Alger Management, LLC (Alger) entered the exchange traded funds arena with the Alger Mid Cap 40 ETF (FRTY). The new ETF seeks to invest in 40 high-conviction mid cap growth eq...
Alger Launches New Actively-Managed Mid-Cap ETF, ‘FRTY'
On Monday, Fred Alger Management, LLC (“Alger”), a leading growth equity investment manager, announced its release of the actively managed fund, the Alger Mid Cap 40 ETF (FRTY), marking the firm's ent...