Sanctuary Advisors LLC cut its stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ – Free Report) by 12.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,820 shares of the company’s stock after selling 20,255 shares during the period. Sanctuary Advisors LLC owned about 1.00% of Alger Concentrated Equity ETF worth $4,289,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. R. W. Roge & Company Inc. bought a new position in shares of Alger Concentrated Equity ETF in the first quarter worth about $351,000. Roman Butler Fullerton & Co. purchased a new stake in Alger Concentrated Equity ETF in the 1st quarter worth approximately $512,000. Kestra Advisory Services LLC raised its stake in Alger Concentrated Equity ETF by 189.7% during the 1st quarter. Kestra Advisory Services LLC now owns 29,354 shares of the company’s stock worth $913,000 after acquiring an additional 19,223 shares during the period. Ascentis Independent Advisors raised its stake in Alger Concentrated Equity ETF by 24.0% during the 1st quarter. Ascentis Independent Advisors now owns 18,343 shares of the company’s stock worth $571,000 after acquiring an additional 3,556 shares during the period. Finally, Private Advisor Group LLC purchased a new position in Alger Concentrated Equity ETF during the first quarter valued at approximately $737,000.
Alger Concentrated Equity ETF Price Performance
Shares of NYSEARCA CNEQ opened at $38.32 on Monday. The firm has a fifty day moving average price of $40.00 and a 200-day moving average price of $36.07. The stock has a market cap of $868.33 million, a PE ratio of 35.92 and a beta of 1.71. Alger Concentrated Equity ETF has a 1 year low of $29.47 and a 1 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.
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