Private Advisor Group LLC Invests $737,000 in Alger Concentrated Equity ETF $CNEQ

Private Advisor Group LLC bought a new stake in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,666 shares of the company’s stock, valued at approximately $737,000. Private Advisor Group LLC owned approximately 0.18% of Alger Concentrated Equity ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CNEQ. Geneos Wealth Management Inc. purchased a new stake in Alger Concentrated Equity ETF in the 4th quarter valued at $39,000. Allworth Financial LP bought a new position in Alger Concentrated Equity ETF during the 4th quarter valued at $58,000. Steward Partners Investment Advisory LLC boosted its holdings in Alger Concentrated Equity ETF by 188.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,875 shares of the company’s stock worth $64,000 after acquiring an additional 1,225 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Alger Concentrated Equity ETF by 114.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,445 shares of the company’s stock worth $73,000 after acquiring an additional 1,305 shares during the last quarter. Finally, Private Trust Co. NA bought a new stake in shares of Alger Concentrated Equity ETF in the 4th quarter worth $138,000.

Alger Concentrated Equity ETF Price Performance

Shares of CNEQ stock opened at $39.83 on Wednesday. The firm has a 50-day moving average of $39.93 and a 200-day moving average of $35.98. The company has a market cap of $759.96 million, a P/E ratio of 35.92 and a beta of 1.71. Alger Concentrated Equity ETF has a one year low of $29.47 and a one year 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.