Roman Butler Fullerton & Co. acquired a new stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 15,505 shares of the company’s stock, valued at approximately $512,000.
Several other institutional investors have also bought and sold shares of the stock. LPL Financial LLC grew its position in Alger Concentrated Equity ETF by 132.5% during the fourth quarter. LPL Financial LLC now owns 1,075,771 shares of the company’s stock valued at $36,985,000 after buying an additional 613,133 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of Alger Concentrated Equity ETF by 6.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 387,071 shares of the company’s stock valued at $13,308,000 after purchasing an additional 22,874 shares in the last quarter. Sanchez Wealth Management Group bought a new stake in shares of Alger Concentrated Equity ETF during the 4th quarter valued at about $7,399,000. Commonwealth Equity Services LLC grew its stake in Alger Concentrated Equity ETF by 24.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 206,284 shares of the company’s stock worth $7,092,000 after buying an additional 40,757 shares in the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in shares of Alger Concentrated Equity ETF in the 4th quarter worth about $6,816,000.
Alger Concentrated Equity ETF Stock Up 2.3%
Shares of NYSEARCA:CNEQ opened at $40.67 on Friday. The company’s fifty day moving average is $39.73 and its 200 day moving average is $35.88. Alger Concentrated Equity ETF has a 52 week low of $29.03 and a 52 week high of $42.15. The stock has a market cap of $742.23 million, a PE ratio of 35.92 and a beta of 1.71.
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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