FRTY - Alger Mid Cap 40 ETF
| Assets | $17.43M |
| NAV | $19.92 |
| Expense Ratio | 0.50% |
| PE Ratio | n/a |
| Beta (5Y) | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| 1-Year Return | - |
| Trading Day | April 20 |
| Last Price | $19.71 |
| Previous Close | $20.00 |
| Change ($) | -0.28 |
| Change (%) | -1.41% |
| Day's Open | 20.03 |
| Day's Range | 19.20 - 21.78 |
| Day's Volume | 200,797 |
| 52-Week Range | 18.51 - 21.78 |
Fund Description
The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of mid-cap companies. Equity securities include common or preferred stocks that are listed on U.S. exchanges. It may invest a significant portion of its assets in the securities of companies conducting business in the information technology and healthcare sectors. The fund is non-diversified.
| Asset Class Equity | Inception Date Feb 26, 2021 |
| Exchange NYSEARCA | Ticker Symbol FRTY |
| Index Tracked Russell Midcap Growth Index | |
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 equi...
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 entry...