Sacks & Associates LLC acquired a new position in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ – Free Report) in the 3rd quarter, Holdings Channel reports. The fund acquired 48,172 shares of the company’s stock, valued at approximately $1,957,000. Alger Concentrated Equity ETF accounts for about 1.4% of Sacks & Associates LLC’s portfolio, making the stock its 22nd biggest holding.
Several other hedge funds have also recently added to or reduced their stakes in CNEQ. R. W. Roge & Company Inc. grew its holdings 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 valued at $506,000 after buying an additional 961 shares during the last quarter. IFP Advisors Inc bought a new stake in Alger Concentrated Equity ETF in the 2nd quarter valued at $78,000. Ascentis Independent Advisors grew its position in Alger Concentrated Equity ETF by 24.0% in the 1st quarter. Ascentis Independent Advisors now owns 18,343 shares of the company’s stock worth $571,000 after purchasing an additional 3,556 shares during the last quarter. Royal Bank of Canada grew its position in Alger Concentrated Equity ETF by 38.9% in the 1st quarter. Royal Bank of Canada now owns 15,101 shares of the company’s stock worth $470,000 after purchasing an additional 4,230 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Alger Concentrated Equity ETF by 269.3% during the 2nd quarter. Allworth Financial LP now owns 6,278 shares of the company’s stock worth $259,000 after purchasing an additional 4,578 shares during the period.
Alger Concentrated Equity ETF Stock Performance
Shares of CNEQ opened at $40.86 on Friday. The company has a 50-day simple moving average of $40.13 and a 200-day simple moving average of $38.61. The firm has a market capitalization of $3.24 billion, a P/E ratio of 35.92 and a beta of 1.72. Alger Concentrated Equity ETF has a 52 week low of $29.47 and a 52 week high of $42.15.
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.
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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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