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FRTY - ETF AI Analysis
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Alger Mid Cap 40 ETF (FRTY)
Rating:61Neutral
Price Target:―
Positive Factors
Solid Recent Performance
The ETF has shown steady gains over the year and in recent months, indicating positive momentum.
Exposure to Growth Sectors
A large share of the portfolio is in technology, communication services, and industrials, which can benefit from long-term growth trends.
Strong Contributors Among Top Holdings
Some of the larger positions, such as Nebius Group, CoreWeave, FTAI Aviation, and Comfort Systems, have delivered strong performance and helped support the fund’s returns.
Negative Factors
High Expense Ratio
The fund’s fee is relatively high for an ETF, which can eat into long-term returns compared with lower-cost options.
Concentration in a Few Names
The top holdings make up a meaningful portion of the portfolio, so weak performance in a few stocks could have an outsized impact on the fund.
Several Weak Top Holdings
Key positions like AppLovin, Robinhood, Cloudflare, Roblox, Sea, and Talen Energy have shown weak or negative performance, which may drag on overall results if the trend continues.
FRTY vs. SPDR S&P 500 ETF (SPY)
AUM137.99M
RegionNorth America
Expense Ratio0.60%
Beta1.36
IssuerAlger
Inception DateFeb 26, 2021
Dividend Yield0.19%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume32,967
30 Day Avg. Volume48,831
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
28.66Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering40
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FRTY Summary
The Alger Mid Cap 40 ETF (FRTY) is a fund that invests in about 40 medium‑sized U.S. companies that are aiming for fast growth, rather than tracking a specific index. It focuses on mid-cap growth stocks, especially in technology, communication services, and industrials. Well-known names in the fund include Robinhood and Roblox. Someone might invest in FRTY if they want the growth potential of companies that are past the startup stage but still expanding quickly. A key risk is that these growth-focused, mid-sized stocks can be quite volatile and may go up and down more than the overall market.
How much will it cost me?The Alger Mid Cap 40 ETF (Ticker: FRTY) has an expense ratio of 0.6%, meaning you’ll pay $6 per year for every $1,000 invested. This is higher than average because the fund is actively managed, focusing on a curated portfolio of 40 mid-cap growth stocks, which requires more research and management compared to passively managed ETFs.
What would affect this ETF?The Alger Mid Cap 40 ETF (FRTY) could benefit from continued innovation and growth in sectors like technology and communication services, which make up a significant portion of its holdings. However, it may face challenges if economic conditions worsen, as mid-cap companies are often more sensitive to market volatility and higher interest rates could impact growth-focused stocks. Regulatory changes or sector-specific disruptions in industries like healthcare or consumer cyclical could also influence performance.
FRTY Top 10 Holdings
FRTY is leaning hard into U.S. mid-cap growth stories, with a clear tilt toward tech and digital platforms. AppLovin and Cloudflare have been losing steam lately, acting as a bit of a headwind, while Robinhood and Roblox are also lagging as investors question their paths to consistent profits. On the brighter side, FTAI Aviation and Comfort Systems are rising and quietly doing the heavy lifting, helped by steadier industrial and infrastructure demand. Overall, the fund is concentrated in a handful of tech and communication names, so sentiment toward growth stocks still calls the tune.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| AppLovin | 8.58% | $10.49M | $127.20B | -24.12% | 74 Outperform | |
| Robinhood | 5.08% | $6.21M | $67.70B | 25.69% | 68 Neutral | |
| Nebius Group | 4.72% | $5.76M | $24.55B | 103.89% | 46 Neutral | |
| Talen Energy Corp | 4.72% | $5.76M | $17.74B | 50.46% | 60 Neutral | |
| CoreWeave | 3.92% | $4.79M | $47.43B | ― | 51 Neutral | |
| Roblox | 3.76% | $4.60M | $44.65B | -4.43% | 51 Neutral | |
| FTAI Aviation | 3.64% | $4.45M | $29.31B | 134.81% | 58 Neutral | |
| Cloudflare | 3.55% | $4.34M | $67.75B | 20.60% | 61 Neutral | |
| Comfort Systems | 3.50% | $4.28M | $47.19B | 237.94% | 80 Outperform | |
| Sea | 3.04% | $3.71M | $64.24B | -23.00% | 69 Neutral |
FRTY Technical Analysis
Positive
―
Price Trends
21.31
Negative
21.53
Negative
20.38
Positive
Market Momentum
-0.24
Positive
49.18
Neutral
74.09
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FRTY, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 21.13, equal to the 50-day MA of 21.31, and equal to the 200-day MA of 20.38, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 49.18 is Neutral, neither overbought nor oversold. The STOCH value of 74.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FRTY.
FRTY Peer Comparison
Comparison Results
Performance Comparison
FRTY
Alger Mid Cap 40 ETF
21.03
1.49
7.63%
AVMV
Avantis U.S. Mid Cap Value ETF
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―
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AVMC
Avantis U.S. Mid Cap Equity ETF
―
―
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TMVE
Thrivent Mid Cap Value ETF
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―
―
GLRY
Inspire Faithward Mid Cap Momentum ESG ETF
―
―
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TMFM
Motley Fool Mid-Cap Growth ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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