Stonebridge Financial Group LLC MO bought a new position in Alger Concentrated Equity ETF (NYSEARCA:CNEQ – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,737 shares of the company’s stock, valued at approximately $396,000. Stonebridge Financial Group LLC MO owned 0.10% of Alger Concentrated Equity ETF at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of CNEQ. Geneos Wealth Management Inc. purchased a new position in Alger Concentrated Equity ETF during the 4th quarter valued at about $39,000. Allworth Financial LP bought a new position in shares of Alger Concentrated Equity ETF during the fourth quarter valued at approximately $58,000. Steward Partners Investment Advisory LLC increased its stake in shares of Alger Concentrated Equity ETF by 188.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,875 shares of the company’s stock valued at $64,000 after purchasing an additional 1,225 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Alger Concentrated Equity ETF by 114.5% during the second 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 in the last quarter. Finally, Private Trust Co. NA purchased a new position in shares of Alger Concentrated Equity ETF during the fourth quarter valued at approximately $138,000.
Alger Concentrated Equity ETF Stock Performance
CNEQ stock opened at $41.01 on Tuesday. The firm has a 50 day moving average price of $38.65 and a 200-day moving average price of $35.37. Alger Concentrated Equity ETF has a 52-week low of $27.74 and a 52-week high of $42.15. The firm has a market capitalization of $567.99 million, a price-to-earnings ratio of 35.92 and a beta of 1.73.
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.
Further Reading
- Five stocks we like better than Alger Concentrated Equity ETF
- Buy CrowdStrike Before the Stock Split? Here’s the Case
- Investors Are Buying Into Sweetgreen Again—Should They?
- Burlington Is Winning Over Shoppers But Investors Need Patience
- USA Today’s Digital Revival Is Gaining Steam, But With Plenty of Risk
Receive News & Ratings for Alger Concentrated Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alger Concentrated Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
