Truist Financial Corp Buys 56,994 Shares of Alger Concentrated Equity ETF $CNEQ

Truist Financial Corp lifted its stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 42.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,856 shares of the company’s stock after purchasing an additional 56,994 shares during the quarter. Truist Financial Corp owned 2.74% of Alger Concentrated Equity ETF worth $6,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in shares of Alger Concentrated Equity ETF during the 4th quarter valued at approximately $39,000. Osaic Holdings Inc. grew its holdings in shares of Alger Concentrated Equity ETF by 114.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,445 shares of the company’s stock valued at $73,000 after purchasing an additional 1,305 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Alger Concentrated Equity ETF during the 3rd quarter valued at approximately $136,000. Private Trust Co. NA bought a new stake in shares of Alger Concentrated Equity ETF during the 4th quarter valued at approximately $138,000. Finally, Prosperity Financial Group Inc. bought a new stake in shares of Alger Concentrated Equity ETF during the 3rd quarter valued at approximately $221,000.

Alger Concentrated Equity ETF Trading Down 0.2%

Shares of Alger Concentrated Equity ETF stock opened at $37.85 on Friday. The firm has a market capitalization of $524.22 million, a PE ratio of 35.92 and a beta of 1.68. The firm’s 50 day moving average is $33.67 and its 200 day moving average is $34.18. Alger Concentrated Equity ETF has a 1 year low of $24.68 and a 1 year high of $38.33.

Alger Concentrated Equity ETF Company Profile

The Alger Concentrated Equity ETF (CNEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, targeting large-cap companies with high growth potential. The fund maintains a concentrated portfolio of no more than 30 stocks, seeking long-term captial appreciation CNEQ was launched on Apr 4, 2024 and is issued by Alger.