INVN Alger Russell Innovation ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

INVN — —
Key stats
About

Alger Russell Innovation ETF (INVN) ETF

No description available.

Exchange
ARCX
Inception
2025-01-06
Has Options
No
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
Thematic Internet & Innovation#61 of 73 by assets Alger US Index-tracking
Expense ratio
0.55%
prospectus, filed Apr 28, 2026
Assets
$9.6M
SEC filing, Jun 30, 2026
Trailing yield
0.23%
Average daily volume
$38K
30 sessions
Holdings
51
top 10 are 22.6%
Listed
Jan 6, 2025
NYSE Arca
Closure risk, 12 months
7.9%
low: trading volume, age · model
Tracking difference
-0.61 pts
vs index, after fees, FY 2025
FrenzyCap ETF score
33
how it is built
Cost50
Liquidity0
Scale0
Diversification77

Moves with. US large-cap stocks (28% of its variance, beta 1.30); Bitcoin (3% of its variance, beta 0.07). These factors explain 34% of its daily moves over the last year, so most of what drives this fund is something else.

Stated objective. Alger Russell Innovation ETF seeks investment results that, before fees and expenses, closely correspond to the performance of the Alger Russell Innovation Index. (from the fund's prospectus)

All 51 holdingsFlow historySimilar fundsOverlap toolAll Internet & Innovation ETFs

Fund flows
through Jun 2026SEC filings
Jun 2026
−$586K
latest reported month
Latest 3 months
−$2.6M
−27.1% of assets
Latest 12 months
−$4.3M
−44.3% of assets
Jul 2025: +$980K+$980KAug 2025: $0AugSep 2025: +$20KOct 2025: +$517KOctNov 2025: −$517KDec 2025: −$47KDecJan 2026: −$1.6MFeb 2026: −$996KFebMar 2026: +$11KApr 2026: $0AprMay 2026: −$2.0M−$2.0MJun 2026: −$586KJun
View as a table
Net flows of INVN by month, Jul 2025 to Jun 2026
MonthNet flow
Jun 2026−$586K
May 2026−$2.0M
Apr 2026$0
Mar 2026+$11K
Feb 2026−$996K
Jan 2026−$1.6M
Dec 2025−$47K
Nov 2025−$517K
Oct 2025+$517K
Sep 2025+$20K
Aug 2025$0
Jul 2025+$980K

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 18 months ago

Similar funds
FundOverlapFeeAssets1Y
WCLDWisdomTree Cloud Computing Fund26%0.45%$340M+31.6%compare
RNINBushido Capital US SMID Cap Equity ETF24%0.68%$182M+41.9%compare
ABOTAbacus FCF Innovation Leaders ETF23%0.39%$4.7M+16.5%compare
COWGPacer US Large Cap Cash Cows Growth Leaders ETF22%0.49%$2.4B+12.9%compare
FCLDFidelity Cloud Computing ETF20%0.39%$155M+48.3%compare

Ranked by how much of the two portfolios is the same securities.

Look-through: what the holdings say
weights as of Jun 30, 2026SEC filing
Holdings vs fair value
+17.4%
60% under, 15% over · 94% covered
Price / earnings
25.7
20% loss-making · 94% covered
Price / book · sales
4.0 · 3.4
revenue growth +7.8%
Above 200-day average
86%
68% above 50-day · by weight
Short interest
9.3%
of float, weighted · 4.1 days to cover
Insider buying
2%
of weight had net insider buying, 90 days; 81% net selling
13F holders
+0.9%
change in shares held by institutions, latest quarter
Reporting earnings
41.5%
of weight in 7 days; 71.0% in 14
Largest contributors below fair value
XYZ+50%BILL+50%CCC+50%LYFT+50%INCY+50%
Largest contributors above fair value
RBLX−24%ZS−26%PATH−27%ETSY−17%TRMB−14%

Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.

What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
New positionRBLXROBLOX CORP—2.57%—
ExitCORTCorcept Therapeutics Inc.2.34%——
ExitOKTAOkta Inc.2.27%——
New positionXYZBLOCK INC—2.24%—
New positionZSZSCALER INC—2.22%—
ExitZMZoom Communications Inc.2.14%——
ExitNTAPNetApp Inc.2.13%——
ExitTWLOTwilio Inc2.12%——
New positionMRKMERCK & COMPANY INC—2.12%—
New positionKVYOKLAVIYO INC—2.04%—

11 new, 11 exited, 10 increased and 14 decreased between the fund's two latest holdings reports; turnover 25.2%. Full holdings and history

Under the hood
fiscal year to Dec 31, 2025SEC census
Authorized participants
3 active
of 7 with agreements; top 3 did 100%
Created · redeemed
$24M · $9.2M
over the fiscal year
Redemptions in kind
99%
creations 100% in kind
Creation unit
25,000
shares
Securities lending
1.09%
of assets on loan on average; earned 0.1 bp
Return vs index
-0.61 pts
after fees; -0.02 before; daily s.d. 0.03

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-06-30
Holdings
51
AUM
$9.7M
Provider
Nport
Inception
2025-01-06
Exchange
ARCX
Data As Of
2026-06-30
Expense Ratio
0.55%
Dividend Yield
0.23%
Distribution
—
Recent distributions
Ex-Date Pay Date Amount Type
2025-12-18 2025-12-31 $0.0620 CD
Asset Allocation
Top Holdings
top 50 of 51 holdings
Symbol Name Weight % Asset Class Country
RBLX ROBLOX CORP 2.57% Equity (common) US
ZBRA ZEBRA TECHNOLOGIES CORP 2.38% Equity (common) US
EXPE EXPEDIA GROUP INC 2.29% Equity (common) US
CART MAPLEBEAR INC 2.25% Equity (common) US
XYZ BLOCK INC 2.24% Equity (common) US
ZS ZSCALER INC 2.22% Equity (common) US
BILL BILL HOLDINGS INC 2.19% Equity (common) US
BIIB BIOGEN INC 2.18% Equity (common) US
CCC CCC INTELLIGENT SOLUTIONS HOLDINGS INC 2.15% Equity (common) US
ETSY ETSY INC 2.15% Equity (common) US
LYFT LYFT INC 2.14% Equity (common) US
DT DYNATRACE INC 2.12% Equity (common) US
MRK MERCK & COMPANY INC 2.12% Equity (common) US
INCY INCYTE CORP 2.11% Equity (common) US
U UNITY SOFTWARE INC 2.10% Equity (common) US
GTLB GITLAB INC 2.10% Equity (common) US
PYPL PAYPAL HOLDINGS INC 2.08% Equity (common) US
GDDY GODADDY INC 2.07% Equity (common) US
— JAZZ PHARMACEUTICALS PLC 2.06% Equity (common) IE
NBIX NEUROCRINE BIOSCIENCES INC 2.06% Equity (common) US
KVYO KLAVIYO INC 2.04% Equity (common) US
BMY BRISTOL-MYERS SQUIBB COMPANY 2.03% Equity (common) US
REGN REGENERON PHARMACEUTICALS INC 2.03% Equity (common) US
EXEL EXELIXIS INC 2.03% Equity (common) US
NTNX NUTANIX INC 2.01% Equity (common) US
GNTX GENTEX CORP 2.01% Equity (common) US
BMRN BIOMARIN PHARMACEUTICAL INC 2.00% Equity (common) US
TRMB TRIMBLE INC 1.98% Equity (common) US
PATH UIPATH INC 1.98% Equity (common) US
RNG RINGCENTRAL INC 1.97% Equity (common) US
DLB DOLBY LABORATORIES INC 1.95% Equity (common) US
DBX DROPBOX INC 1.95% Equity (common) US
DOCU DOCUSIGN INC 1.93% Equity (common) US
PINS PINTEREST INC 1.90% Equity (common) US
SWKS SKYWORKS SOLUTIONS INC 1.89% Equity (common) US
HUBS HUBSPOT INC 1.86% Equity (common) US
DUOL DUOLINGO INC 1.85% Equity (common) US
CRUS CIRRUS LOGIC INC 1.85% Equity (common) US
PFE PFIZER INC 1.85% Equity (common) US
— ELASTIC NV 1.84% Equity (common) NL
TTD TRADE DESK INC (THE) 1.84% Equity (common) US
PCOR PROCORE TECHNOLOGIES INC 1.83% Equity (common) US
Z ZILLOW GROUP INC 1.82% Equity (common) US
PAYC PAYCOM SOFTWARE INC 1.80% Equity (common) US
FIG FIGMA INC 1.79% Equity (common) US
PEGA PEGASYSTEMS INC 1.79% Equity (common) US
WDAY WORKDAY INC 1.75% Equity (common) US
— AMDOCS LTD 1.74% Equity (common) GG
ADBE ADOBE INC 1.72% Equity (common) US
TEAM ATLASSIAN CORP 1.67% Equity (common) US
Geographic Breakdown
Chart
Seasonality
'25'26Avg
Jan3.69%-6.61%-1.46%
Feb-7.54%-3.72%-5.63%
Mar-3.82%-3.32%-3.57%
Apr-0.93%5.09%2.08%
May5.46%7.48%6.47%
Jun2.38%-6.59%-2.10%
Jul0.32%7.03%3.68%
Aug6.65%12.26%9.46%
Sep1.91%-4.90%-1.50%
Oct0.90%6.87%*3.89%
Nov0.68%--0.68%
Dec1.70%--1.70%
Total11.11%12.00%11.55%
* Only 2 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $26.48
SMA 50: $26.38
SMA 200: $22.21
Current: $27.39
EMA 12: $27.03
EMA 26: $26.59
MACD: 0.4392 | Signal: 0.1330
BULLISH
ADX (14): 22.09
WEAK TREND
+DI: 45.01
−DI: 26.74

Momentum Oscillators

RSI (14): 61.60
NEUTRAL
Stoch %K: 90.61
Stoch %D: 94.12
Williams %R: -17.08

Volume & Volatility

BB Upper: $27.97
BB Lower: $24.98
NEUTRAL
OBV: 78,522
Vol SMA 20: 2,015
Vol ROC: 14938.39%
ATR: $0.36
True Range: $0.34
HV 20: 21.6%
HV 30: 20.8%
HV 60: 25.7%

Data Summary

Data Points: 452
Last Updated:
Date Range: 2025-01-07T00:00:00 – 2026-10-27T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
All INVN news →

INVN Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.8357
Alpha: 18.14%
Correlation: 0.4175
R-Squared: 17.4%
Stock Volatility: 25.5%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 250
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Beta & Alpha Over Time

INVN Institutional Ownership (13F)

Latest filings — 2026-06-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

8 filers245,752 shares$5.17M value
# Filer Shares Value % of Total % of Float Period
1 NWM ADVISORS, LLC 77,907 $1.67M 32.28% — 2026-06-30
2 COMMONWEALTH EQUITY SERVICES, LLC 72,502 $1.55M 30.04% — 2026-06-30
3 CFO CAPITAL MANAGEMENT LLC 35,032 $654.80K 12.66% — 2026-03-31
4 HighTower Advisors, LLC 18,266 $391.41K 7.57% — 2026-06-30
5 Citadel Advisors LLC Custodian 16,521 $354.01K 6.85% — 2026-06-30
6 MONECO ADVISORS, LLC 13,814 $296.01K 5.72% — 2026-06-30
7 JPMorgan Chase & Co Custodian 11,554 $248.60K 4.81% — 2026-06-30
8 UBS Group AG Custodian 156 $3.34K 0.06% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
INVN Constituent Performance

Click any bar to view the full quote for that stock.

INVN Constituents (47 of 47)
Symbol Name Weight % Price 1 Day 1 Week 1 Month
RBLX ROBLOX CORP 2.57% $54.47 +0.18%+4.05%+32.27%
ZBRA ZEBRA TECHNOLOGIES CORP 2.38% $381.67 -0.65%-0.63%+1.52%
EXPE EXPEDIA GROUP INC 2.29% $278.08 -2.07%-7.54%+4.41%
CART MAPLEBEAR INC 2.25% $60.08 -1.31%+18.36%+38.15%
XYZ BLOCK INC 2.24% $74.87 +0.43%-4.14%+1.11%
ZS ZSCALER INC 2.22% $260.15 -0.12%+21.28%+31.15%
BILL BILL HOLDINGS INC 2.19% $49.41 -1.04%+0.65%+17.87%
BIIB BIOGEN INC 2.18% $252.73 +0.19%+3.96%+11.30%
CCC CCC INTELLIGENT SOLUTIONS HOLDINGS INC 2.15% $7.7 +0.00%+0.92%+17.02%
ETSY ETSY INC 2.15% $87.66 +2.61%+0.29%+26.53%
LYFT LYFT INC 2.14% $16.79 -1.58%-2.67%+11.41%
DT DYNATRACE INC 2.12% $63.75 -0.67%+0.17%+10.81%
MRK MERCK & COMPANY INC 2.12% $141.82 +0.86%-4.37%-5.00%
INCY INCYTE CORP 2.11% $116.6 +2.90%-0.01%-5.36%
U UNITY SOFTWARE INC 2.10% $40.1 -0.57%-0.15%+0.96%
GTLB GITLAB INC 2.10% $56.82 +0.30%+3.31%+21.64%
PYPL PAYPAL HOLDINGS INC 2.08% $56.09 +2.00%-1.84%+4.08%
GDDY GODADDY INC 2.07% $106.21 -3.29%-2.38%+12.92%
NBIX NEUROCRINE BIOSCIENCES INC 2.06% $146 +0.09%+2.82%+5.53%
KVYO KLAVIYO INC 2.04% $20.18 -2.56%+2.91%+32.33%
BMY BRISTOL-MYERS SQUIBB COMPANY 2.03% $61.55 -0.10%-0.21%-2.08%
REGN REGENERON PHARMACEUTICALS INC 2.03% $816.1 +1.04%+1.07%+8.74%
EXEL EXELIXIS INC 2.03% $65.35 +0.37%+1.49%+11.42%
NTNX NUTANIX INC 2.01% $72.74 +0.04%+6.66%+3.78%
GNTX GENTEX CORP 2.01% $20.21 -2.08%-4.94%-8.68%
BMRN BIOMARIN PHARMACEUTICAL INC 2.00% $55.35 -0.72%-1.93%-7.55%
TRMB TRIMBLE INC 1.98% $63.16 -0.33%+1.67%+10.15%
PATH UIPATH INC 1.98% $14.06 -1.68%+4.69%+14.12%
RNG RINGCENTRAL INC 1.97% $85.6 -0.82%+4.88%+15.01%
DLB DOLBY LABORATORIES INC 1.95% $62.74 -0.54%+0.69%+8.30%
DBX DROPBOX INC 1.95% $36.93 -2.12%+1.57%+12.94%
DOCU DOCUSIGN INC 1.93% $82.04 -3.36%+2.19%+22.48%
PINS PINTEREST INC 1.90% $20.58 -3.06%-10.44%+11.00%
SWKS SKYWORKS SOLUTIONS INC 1.89% $85.48 +2.57%+5.14%-2.91%
HUBS HUBSPOT INC 1.86% $250.79 -5.00%+0.01%+26.87%
DUOL DUOLINGO INC 1.85% $141.31 +1.96%+1.24%-0.92%
CRUS CIRRUS LOGIC INC 1.85% $114.27 +1.12%+3.12%-5.41%
PFE PFIZER INC 1.85% $29.8 +0.03%-1.03%+3.76%
TTD TRADE DESK INC (THE) 1.84% $12.7 -0.55%+0.40%+5.39%
PCOR PROCORE TECHNOLOGIES INC 1.83% $61.73 -1.66%+1.65%+24.61%
Z ZILLOW GROUP INC 1.82% $32.05 -1.75%-0.59%+17.23%
PAYC PAYCOM SOFTWARE INC 1.80% $261.94 -2.35%-0.14%+19.84%
FIG FIGMA INC 1.79% $22.98 -2.30%+1.19%+10.91%
PEGA PEGASYSTEMS INC 1.79% $35.32 -3.79%-2.51%+7.13%
WDAY WORKDAY INC 1.75% $205.46 -1.46%+0.73%+8.61%
ADBE ADOBE INC 1.72% $248.36 -3.97%-3.26%+6.51%
TEAM ATLASSIAN CORP 1.67% $219.41 -1.79%-0.77%+24.69%