Alger 35 ETF

ATFV

Market cap $108M

I initiate coverage of the Alger 35 ETF with a Hold rating, with the main reason for it being its extreme volatility. ATFV is managed actively, with a concentrated portfolio, favoring names demonstrating "Positive Dynamic Change." The ATFV portfolio is offering exceptionally robust growth and momentum characteristics, beating IVV as well as CNEQ on these fronts.