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

Alger Mid Cap 40 ETF (NYSEARCA:FRTY) announced 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 FRTY stock opened at $18.68 on Thursday. Alger Mid Cap 40 ETF has a 12-month low of $13.00 and a 12-month high of $21.14. The firm has a market capitalization of $39.79 million, a price-to-earnings ratio of 60.83 and a beta of 1.39. The business has a 50 day simple moving average of $18.88 and a 200 day simple moving average of $17.16.

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.