Roman Butler Fullerton & Co. Invests $512,000 in Alger Concentrated Equity ETF $CNEQ

Roman Butler Fullerton & Co. purchased a new stake in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,505 shares of the company’s stock, valued at approximately $512,000. Roman Butler Fullerton & Co. owned approximately 0.11% of Alger Concentrated Equity ETF at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CNEQ. Geneos Wealth Management Inc. bought a new position in shares of Alger Concentrated Equity ETF during the fourth quarter valued at $39,000. Allworth Financial LP bought a new stake in shares of Alger Concentrated Equity ETF in the 4th quarter worth about $58,000. Steward Partners Investment Advisory LLC increased its position in shares of Alger Concentrated Equity ETF by 188.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,875 shares of the company’s stock worth $64,000 after purchasing an additional 1,225 shares in the last quarter. Osaic Holdings Inc. increased its position 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 worth $73,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Private Trust Co. NA bought a new position in Alger Concentrated Equity ETF during the 4th quarter valued at about $138,000.

Alger Concentrated Equity ETF Stock Up 2.3%

NYSEARCA:CNEQ opened at $40.67 on Friday. The firm has a market cap of $742.23 million, a PE ratio of 35.92 and a beta of 1.71. Alger Concentrated Equity ETF has a 12 month low of $29.03 and a 12 month high of $42.15. The company’s 50-day moving average price is $39.73 and its two-hundred day moving average price is $35.88.

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.