Alger Mid Cap 40 ETF (FRTY)
Alger Mid Cap 40 ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $23.66, up 1.45% on the session, giving a market capitalisation of $164.2M. Its beta of 1.41 implies it has historically moved more than the broad market.
Typically, the fund allocates at least 80% of its net assets to equity securities issued by mid-capitalization companies. These holdings primarily consist of common or preferred stocks traded on U.S. exchanges. Furthermore, it has the flexibility to commit a substantial portion of its portfolio to firms operating within the information technology and healthcare industries. Investors should note that the fund is categorized as non-diversified.
Alger Mid Cap 40 ETF is most often compared with the following Financial Services names: