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FRTY - ETF AI Analysis
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Alger Mid Cap 40 ETF (FRTY)
Rating:60Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid gains so far this year, reflecting strong overall momentum.
Sector Diversification
The fund is spread across multiple sectors, including Industrials, Technology, and Health Care, reducing reliance on any single industry.
High-Performing Holdings
Several top holdings, such as Robinhood and Roblox, have shown strong year-to-date performance, contributing positively to the fund.
Negative Factors
High Geographic Concentration
With over 95% exposure to U.S. companies, the fund lacks diversification across global markets.
Mixed Short-Term Performance
The ETF has experienced a decline in the past month, which may signal short-term volatility.
Moderate Expense Ratio
The fund’s expense ratio is higher than some low-cost ETFs, potentially reducing net returns for investors.
FRTY vs. SPDR S&P 500 ETF (SPY)
AUM118.34M
RegionNorth America
Expense Ratio0.60%
Beta1.39
IssuerAlger
Inception DateFeb 26, 2021
Dividend Yield0.09%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume41,782
30 Day Avg. Volume40,538
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
26.54Price 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 (Ticker: FRTY) is designed for investors who want to focus on mid-sized companies with strong growth potential. It includes 40 mid-cap stocks, which are companies typically valued between $2 billion and $10 billion. Some well-known companies in this ETF are Cloudflare and Roblox, which are leaders in technology and entertainment. This ETF is a great option for those looking to diversify their portfolio while targeting companies that are poised for growth. However, new investors should be aware that this ETF is heavily focused on growth stocks, which can be more volatile and may go up and down with market conditions.
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
The Alger Mid Cap 40 ETF leans heavily into technology and communication services, with names like AppLovin and Robinhood driving its thematic focus on innovation and growth. While AppLovin has shown steady long-term gains, recent momentum has cooled, and Robinhood’s mixed performance highlights operational challenges despite its strong year-to-date growth. Industrials, led by Comfort Systems, provide a steady counterbalance, with solid gains helping to offset lagging names like CoreWeave and Roblox, which are grappling with financial risks and bearish trends. With its U.S.-centric portfolio, the fund’s concentrated exposure to mid-cap growth stocks offers both high potential and notable volatility.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| AppLovin | 8.58% | $10.49M | $231.09B | 70.31% | 74 Outperform | |
| Robinhood | 5.08% | $6.21M | $123.26B | 228.96% | 68 Neutral | |
| Nebius Group | 4.72% | $5.76M | $25.61B | 229.91% | 46 Neutral | |
| Talen Energy Corp | 4.72% | $5.76M | $16.81B | 66.18% | 56 Neutral | |
| CoreWeave | 3.92% | $4.79M | $42.73B | ― | 44 Neutral | |
| Roblox | 3.76% | $4.60M | $66.83B | 61.54% | 49 Neutral | |
| FTAI Aviation | 3.64% | $4.45M | $18.04B | 11.04% | 58 Neutral | |
| Cloudflare | 3.55% | $4.34M | $71.51B | 80.73% | 58 Neutral | |
| Comfort Systems | 3.50% | $4.28M | $35.44B | 102.08% | 75 Outperform | |
| Sea | 3.04% | $3.71M | $80.17B | 15.62% | 69 Neutral |
FRTY Technical Analysis
Positive
―
Price Trends
21.80
Negative
21.15
Positive
19.15
Positive
Market Momentum
-0.13
Negative
52.96
Neutral
88.91
Negative
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 20.86, equal to the 50-day MA of 21.80, and equal to the 200-day MA of 19.15, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 52.96 is Neutral, neither overbought nor oversold. The STOCH value of 88.91 is Negative, 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
21.42
0.71
3.43%
AVMV
Avantis U.S. Mid Cap Value ETF
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AVMC
Avantis U.S. Mid Cap Equity ETF
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TMFM
Motley Fool Mid-Cap Growth ETF
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GLRY
Inspire Faithward Mid Cap Momentum ESG ETF
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AMID
Argent Mid Cap 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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