Compass Financial Management LLC bought a new position in Alger Concentrated Equity ETF (NYSEARCA:CNEQ – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 41,224 shares of the company’s stock, valued at approximately $1,662,000.
A number of other institutional investors have also bought and sold shares of CNEQ. R. W. Roge & Company Inc. increased its stake in Alger Concentrated Equity ETF by 8.5% in the 2nd quarter. R. W. Roge & Company Inc. now owns 12,268 shares of the company’s stock worth $506,000 after buying an additional 961 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Alger Concentrated Equity ETF by 188.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,875 shares of the company’s stock valued at $64,000 after acquiring an additional 1,225 shares in the last quarter. Osaic Holdings Inc. lifted its position 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 valued at $73,000 after acquiring an additional 1,305 shares in the last quarter. Harvest Investment Services LLC boosted its stake in shares of Alger Concentrated Equity ETF by 2.6% in the third quarter. Harvest Investment Services LLC now owns 54,990 shares of the company’s stock worth $1,934,000 after acquiring an additional 1,417 shares during the period. Finally, Allworth Financial LP bought a new position in shares of Alger Concentrated Equity ETF in the fourth quarter worth about $58,000.
Alger Concentrated Equity ETF Trading Up 0.7%
NYSEARCA:CNEQ opened at $40.26 on Friday. Alger Concentrated Equity ETF has a 12-month low of $29.47 and a 12-month high of $42.15. The stock has a 50-day moving average price of $39.53 and a 200 day moving average price of $37.29. The stock has a market capitalization of $1.01 billion, a P/E ratio of 35.92 and a beta of 1.75.
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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