Stratos Wealth Partners LTD. Invests $821,000 in Alger Concentrated Equity ETF $CNEQ

Stratos Wealth Partners LTD. purchased a new stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,347 shares of the company’s stock, valued at approximately $821,000.

A number of other institutional investors have also recently bought and sold shares of the business. Oppenheimer & Co. Inc. acquired a new position in shares of Alger Concentrated Equity ETF in the 3rd quarter valued at about $232,000. Western Wealth Management LLC acquired a new stake in shares of Alger Concentrated Equity ETF during the third quarter worth approximately $331,000. Flagship Harbor Advisors LLC purchased a new position in Alger Concentrated Equity ETF during the third quarter valued at approximately $12,807,000. Envestnet Asset Management Inc. increased its stake in shares of Alger Concentrated Equity ETF by 132.1% in the third quarter. Envestnet Asset Management Inc. now owns 61,595 shares of the company’s stock worth $2,166,000 after acquiring an additional 35,061 shares during the last quarter. Finally, Mutual Advisors LLC purchased a new stake in shares of Alger Concentrated Equity ETF during the 3rd quarter worth about $580,000.

Alger Concentrated Equity ETF Price Performance

Shares of Alger Concentrated Equity ETF stock opened at $32.96 on Tuesday. The firm has a market cap of $237.31 million, a price-to-earnings ratio of 35.92 and a beta of 1.76. The stock has a 50-day simple moving average of $34.38 and a 200-day simple moving average of $34.11. Alger Concentrated Equity ETF has a 52-week low of $19.33 and a 52-week high of $36.98.

Alger Concentrated Equity ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 18th were given a $0.18 dividend. This represents a yield of 53.0%. The ex-dividend date of this dividend was Thursday, December 18th.

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.