Alger Concentrated Equity ETF $CNEQ Stake Trimmed by Compass Financial Management LLC

Compass Financial Management LLC cut its stake in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 72.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,533 shares of the company’s stock after selling 29,691 shares during the quarter. Compass Financial Management LLC’s holdings in Alger Concentrated Equity ETF were worth $469,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. MGO One Seven LLC purchased a new position in shares of Alger Concentrated Equity ETF during the 3rd quarter valued at approximately $9,259,000. WPG Advisers LLC raised its position in shares of Alger Concentrated Equity ETF by 6.0% in the third quarter. WPG Advisers LLC now owns 162,283 shares of the company’s stock worth $6,594,000 after acquiring an additional 9,118 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of Alger Concentrated Equity ETF by 1.1% in the third quarter. Flagship Harbor Advisors LLC now owns 434,004 shares of the company’s stock worth $17,634,000 after acquiring an additional 4,864 shares during the period. Wealth Management Partners LLC boosted its stake in shares of Alger Concentrated Equity ETF by 11.5% during the 3rd quarter. Wealth Management Partners LLC now owns 103,527 shares of the company’s stock worth $4,206,000 after acquiring an additional 10,675 shares in the last quarter. Finally, Wavvest Wealth LLC purchased a new stake in shares of Alger Concentrated Equity ETF during the 3rd quarter worth about $304,000.

Alger Concentrated Equity ETF Stock Up 2.1%

Shares of Alger Concentrated Equity ETF stock traded up $0.72 on Friday, reaching $35.34. The company’s stock had a trading volume of 256,298 shares, compared to its average volume of 199,911. Alger Concentrated Equity ETF has a 52-week low of $29.47 and a 52-week high of $42.15. The company has a market capitalization of $5.83 billion, a P/E ratio of 26.42 and a beta of 1.78. The stock has a 50-day moving average price of $39.42 and a 200-day moving average price of $37.44.

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.