STOCK TITAN

285,304 Shares (5.5%) Reported by Alger Associates in Mid Cap 40 ETF

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Alger Associates, Inc. reported beneficial ownership of 285,304 shares of Alger Mid Cap 40 ETF (CUSIP 015564107), representing 5.5% of the class. The filing states Alger Associates has sole voting and dispositive power over all 285,304 shares. The securities are held by one or more open-end investment companies or managed accounts that are clients of Fred Alger Management, LLC (a registered investment adviser). The filing notes the ownership is held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The signature indicates the statement was certified by Hal Liebes, Secretary.

Positive

  • Material disclosure of ownership: Reporting a 5.5% stake provides transparency to the market.
  • Clear control statement: The filer certifies holdings are passive and not intended to influence control.
  • Ownership chain disclosed: Identifies holdings as client accounts of Fred Alger Management, LLC and parent company relationships.

Negative

  • None.

Insights

TL;DR: Alger Associates disclosed a passive >5% position of 285,304 shares (5.5%), held for advisory clients.

The filing reports a non-control, passive position equal to 5.5% of the beneficial interests in the ETF, with full sole voting and dispositive power recorded by Alger Associates. Because the securities are held on behalf of investment company and managed account clients of the registered adviser Fred Alger Management, LLC, this appears to reflect portfolio allocations rather than an activist intent. For investors, a >5% disclosure signals meaningful scale but not necessarily a change in governance or strategy.

TL;DR: Disclosure is routine for a significant passive stake; no control intent declared.

The filer explicitly certifies the position is held in the ordinary course of business and not to influence control, which aligns with Schedule 13G treatment for passive investors. The clear statement that holdings sit in client accounts managed by Fred Alger Management, LLC clarifies beneficial ownership chains through the adviser and its parent entities. No indications of coordinated group action or governance changes are present in this filing.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G





SCHEDULE 13G



Alger Associates, Inc.
Signature:/s/ Hal Liebes
Name/Title:Hal Liebes / Secretary
Date:08/14/2025

FAQ

What stake did Alger Associates, Inc. disclose in Alger Mid Cap 40 ETF (CUSIP 015564107)?

Alger Associates disclosed ownership of 285,304 shares, representing 5.5% of the class.

Does Alger Associates claim voting or dispositive power over the shares?

Yes. The filing states Alger Associates has sole voting power and sole dispositive power for all 285,304 shares.

Are these shares held for Alger Associates' own account or on behalf of clients?

The filing states the securities are beneficially owned by open-end investment companies or managed accounts that are clients of Fred Alger Management, LLC.

Did the filer indicate any intent to influence control of the issuer?

No. The filing certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Who signed the Schedule 13G/A and when was it certified?

The statement is signed by /s/ Hal Liebes, identified as Secretary, with a certification date of 08/14/2025.