Janney Montgomery Scott LLC Acquires 14,225 Shares of Alger Concentrated Equity ETF $CNEQ

Janney Montgomery Scott LLC increased its holdings in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 25.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 70,439 shares of the company’s stock after acquiring an additional 14,225 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Alger Concentrated Equity ETF were worth $2,192,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC grew its holdings in Alger Concentrated Equity ETF by 19.1% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 50,382 shares of the company’s stock worth $1,568,000 after acquiring an additional 8,067 shares during the last quarter. Cora Capital Advisors LLC bought a new position in shares of Alger Concentrated Equity ETF during the first quarter valued at $2,804,000. Wealth Management Partners LLC acquired a new position in shares of Alger Concentrated Equity ETF during the first quarter worth $540,000. Stonebridge Financial Group LLC MO acquired a new position in shares of Alger Concentrated Equity ETF during the first quarter worth $396,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Alger Concentrated Equity ETF in the fourth quarter worth $541,000.

Alger Concentrated Equity ETF Stock Up 0.7%

Shares of Alger Concentrated Equity ETF stock opened at $39.75 on Thursday. The stock has a market cap of $725.44 million, a price-to-earnings ratio of 35.92 and a beta of 1.71. Alger Concentrated Equity ETF has a twelve month low of $29.03 and a twelve month high of $42.15. The company’s fifty day moving average is $39.64 and its 200 day moving average is $35.83.

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.