Alger Mid Cap 40 ETF

FRTY

Market cap $118M

Overview Fund Activity

21.67 USD

-0.01

0.05%

At close Updated Sep 16, 4:00 PM EDT

1 day

-0.05%

5 days

1.93%

1 month

6.23%

3 months

17.77%

6 months

31.02%

Year to date

14.41%

1 year

31.09%

5 years

4.94%

10 years

4.94%

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

20% more capital invested

Capital invested by funds: $58.2M [Q1] → $70.2M (+$11.9M) [Q2]

14% more funds holding

Funds holding: 28 [Q1] → 32 (+4) [Q2]

0.49% less ownership

Funds ownership: 71.0% [Q1] → 70.51% (-0.49%) [Q2]

10% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 10

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

See Fund Rankings

Financial journalist opinion

Neutral

ETF Trends

12 days ago

SPIVA 2025 Mid-Year Report Throws Spotlight on Active SMIDcap Funds

Halftime in 2025 threw a spotlight on active small- and midcap funds via the SPIVA U.S. Mid-Year 2025 report. The trend of active ETF launches is outpacing their passive peers this year.

Negative

Seeking Alpha

3 months ago

FRTY: A Focused Mid Cap Growth ETF Throwing Caution To The Wind

FRTY is a focused mid-cap growth ETF comprised of 40 U.S. stocks undergoing "Positive Dynamic Change". Its ER is 0.60% after waivers and the ETF has $85 million in AUM. FRTY's current holdings are increasing sales at a faster rate than they were three and five years ago, making the fund a standout among nearly all U.S. Equity ETFs. However, Alger's strategy appears reckless. I calculated a 1.60 five-year portfolio beta, a 36.56x forward P/E ratio, and a weighted average ROE that's substantially lower than its peers.

Positive

ETF Trends

8 months ago

New ETF from Alger Focuses on Innovation

On Tuesday, Alger released the Alger Russell Innovation ETF (INVN), the latest addition to Alger's growing fund library. INVN looks to provide results similar to that of the Alger Russell Innovation Index.

Negative

Zacks Investment Research

11 months ago

Are Mid-Cap ETFs Better Bets Now?

Thanks to an improving U.S. economy and reassuring earnings released so far, market sentiments remain strong, overriding worries over the presidential election, uncertainty regarding the magnitude and timing of Fed rate cuts, and volatility in the oil patch due to geopolitical tensions. Stimulus measures in China also supported the rally as this quelled global growth worries a bit.

Positive

Zacks Investment Research

1 year ago

Mid-Cap ETFs at a 52-Week High: Here's Why

Mid-cap ETFs often offer the best of the both worlds -- large and small-caps.