Private Advisor Group LLC purchased a new stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ – Free Report) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 23,666 shares of the company’s stock, valued at approximately $737,000.
Other hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new position in shares of Alger Concentrated Equity ETF in the fourth quarter worth $39,000. Allworth Financial LP purchased a new stake in Alger Concentrated Equity ETF during the 4th quarter valued at $58,000. Steward Partners Investment Advisory LLC grew its holdings in Alger Concentrated Equity ETF by 188.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,875 shares of the company’s stock worth $64,000 after acquiring an additional 1,225 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Alger Concentrated Equity ETF by 114.5% in the second quarter. Osaic Holdings Inc. now owns 2,445 shares of the company’s stock worth $73,000 after purchasing an additional 1,305 shares during the last quarter. Finally, Private Trust Co. NA bought a new stake in shares of Alger Concentrated Equity ETF in the 4th quarter worth approximately $138,000.
Alger Concentrated Equity ETF Price Performance
Shares of NYSEARCA CNEQ opened at $39.83 on Wednesday. Alger Concentrated Equity ETF has a 1 year low of $29.47 and a 1 year high of $42.15. The stock has a market capitalization of $759.96 million, a P/E ratio of 35.92 and a beta of 1.71. The company’s 50-day moving average is $39.93 and its 200 day moving average is $35.98.
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.
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Want to see what other hedge funds are holding CNEQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alger Concentrated Equity ETF (NYSEARCA:CNEQ – Free Report).
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