Key stats
About The Alger ETF Trust Alger Russell Innovation ETF
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Inception date
Jan 7, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fred Alger Management LLC
INVN is passively managed and invests in a narrow portfolio of 50 US companies deemed the most innovative within the Russell 1000 Index. This includes firms that may not yet be widely recognized but are developing or benefiting from new products, services, technologies, or advancements. The parent universe is broadly comprised of large- and mid-cap US companies, and the index does not impose limits on market capitalization, sector, or industry exposure. Initially, the index screens out the bottom one-third of stocks in the Russell 1000 based on free cash flow margin. To identify innovative firms, it ranks the remaining stocks by research and development spending relative to enterprise value. The top 50 stocks are selected and weighted equally. The index reconstitutes and rebalances the portfolio quarterly.
Related funds
Classification
What's in the fund
Exposure type
Technology Services
Health Technology
Electronic Technology
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
INVN trades at 19.56 USD today, its price has risen 0.17% in the past 24 hours. Track more dynamics on INVN price chart.
INVN net asset value is 19.52 today — it's risen 4.97% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
INVN assets under management is 13.06 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
INVN fund flows account for 13.00 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
INVN invests in stocks. See more details in our Analysis section.
INVN expense ratio is 0.55%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, INVN isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, INVN doesn't pay dividends to its holders.
INVN trades at a premium (0.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
INVN shares are issued by Alger Associates, Inc. (United States)
INVN follows the Alger Russell Innovation Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 7, 2025.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.