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Alger Mid Cap 40 ETF

FRTY

Market cap $157M

23.76 USD

+0.11

0.47%

At close Updated Sep 30, 4:00 PM EDT

1 day

0.47%

5 days

1.97%

1 month

4.3%

3 months

-4.27%

6 months

28.16%

Year to date

10.77%

1 year

6.12%

5 years

4.99%

10 years

15.06%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 0%

Negative 0%

Fed Rate Cuts Create Opening for Mid-Cap Stocks

The Federal Reserve's (Fed) pivot from aggressive rate hikes to rate cuts is creating what one portfolio manager calls a “headwind to tailwind” shift for mid-cap stocks, potentially unlocking gains for companies that have already proven they can survive in a tighter monetary environment. Amy Y.

Fed Rate Cuts Create Opening for Mid-Cap Stocks

Mid-Cap Stocks Trading at Historic Discount to Large Caps

Mid-cap stocks are trading at an unusually wide discount to their larger counterparts, creating what one portfolio manager describes as a “truck-wide” opportunity for investors willing to look beyond the crowded mega-cap trade. Amy Y.

Mid-Cap Stocks Trading at Historic Discount to Large Caps

FRTY: Growth-Focused ETF With Ambitious Premise But Questionable Returns

I am initiating coverage of the Alger Mid Cap 40 ETF with a Hold rating. Benchmarked against the Russell MidCap Growth Index, FRTY is growth-oriented, with just 40 stocks in the portfolio. Though having a moment in 2025, FRTY has significantly underperformed the ETF that tracks its benchmark since its inception, as well as IVV, QQQ, and SCHG.

FRTY: Growth-Focused ETF With Ambitious Premise But Questionable Returns

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.

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

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.

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

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.

New ETF from Alger Focuses on Innovation

Zacks Investment Research

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.

Are Mid-Cap ETFs Better Bets Now?

Zacks Investment Research

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.

Why Now For U.S. Equity Income?

US equities, as measured by the S&P 500 Index, have performed strongly so far in 2023.

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