Apollon Financial Boosts ALAI Stake 88%

Apollon Financial LLC increased its holdings in Alger AI Enablers & Adopters ETF by 88.1% in Q4, acquiring an additional 24,362 shares for a total of 52,013 shares valued at $1.88 million, according to its latest SEC filing. Several other institutional investors also expanded their ALAI positions, including Commonwealth Equity Services, Arkadios Wealth Advisors, and Stratos Wealth Partners. ALAI shares opened at $36.11, with a market cap of $306.57 million and a P/E ratio of 29.71. The actively managed ETF focuses on companies developing or integrating AI technology.