Alger Mid Cap 40 ETF (FRTY)

NYSEARCA: FRTY · IEX Real-Time Price · USD
12.63
+0.25 (1.98%)
Feb 1, 2023, 9:55 AM EST - Market open
1.98%
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.

Asset Class Equity
Category Mid-Cap Growth
Region North America
Stock Exchange NYSEARCA
Ticker Symbol FRTY
Issuer Website Alger
Index Tracked Russell Midcap Growth

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%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
Dec 16, 2021 $1.0687 Dec 31, 2021
Full Dividend History

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...

9 months ago - ETF Trends

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,...

1 year ago - ETF Trends

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...

1 year ago - ETF Trends

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...

1 year ago - ETF Trends

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...

2 years ago - ETF Trends

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...

2 years ago - ETF Trends