31,997 Shares of Alger Concentrated Equity ETF $CNEQ Bought by Grove Bank & Trust

Grove Bank & Trust acquired a new position in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) during the third quarter, Holdings Channel reports. The fund acquired 31,997 shares of the company’s stock, valued at approximately $1,300,000.

Several other large investors also recently made changes to their positions in the company. Weaver Consulting Group acquired a new position in Alger Concentrated Equity ETF during the 3rd quarter worth approximately $282,000. Baker Tilly Wealth Management LLC acquired a new stake in Alger Concentrated Equity ETF in the third quarter valued at approximately $508,000. NewEdge Advisors LLC grew its stake in Alger Concentrated Equity ETF by 21.5% in the second quarter. NewEdge Advisors LLC now owns 170,409 shares of the company’s stock valued at $7,033,000 after acquiring an additional 30,114 shares during the period. IFP Advisors Inc bought a new stake in shares of Alger Concentrated Equity ETF during the second quarter valued at approximately $78,000. Finally, Allworth Financial LP increased its holdings in shares of Alger Concentrated Equity ETF by 269.3% during the second quarter. Allworth Financial LP now owns 6,278 shares of the company’s stock valued at $259,000 after acquiring an additional 4,578 shares in the last quarter.

Alger Concentrated Equity ETF Price Performance

Shares of NYSEARCA:CNEQ traded down $0.94 during trading on Thursday, reaching $40.64. 150,429 shares of the stock were exchanged, compared to its average volume of 186,085. Alger Concentrated Equity ETF has a 1-year low of $29.47 and a 1-year high of $42.15. The stock has a fifty day moving average of $40.03 and a two-hundred day moving average of $38.53. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 35.92 and a beta of 1.72.

Alger Concentrated Equity ETF 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.