Alger Mid Cap 40 ETF Plans Dividend of $0.02 (NYSEARCA:FRTY)

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) declared a dividend on Tuesday, December 17th,NASDAQ Dividends reports. Shareholders of record on Wednesday, December 18th will be paid a dividend of 0.0188 per share on Tuesday, December 31st. The ex-dividend date is Wednesday, December 18th.

Alger Mid Cap 40 ETF Price Performance

Shares of NYSEARCA FRTY traded down $1.03 during trading on Wednesday, reaching $18.68. 26,120 shares of the stock traded hands, compared to its average volume of 23,463. The company has a 50-day moving average of $18.86 and a 200-day moving average of $17.15. Alger Mid Cap 40 ETF has a 52-week low of $13.00 and a 52-week high of $21.14. The stock has a market capitalization of $39.79 million, a P/E ratio of 60.83 and a beta of 1.39.

Alger Mid Cap 40 ETF Company Profile

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.