227,885 Shares in Alger Concentrated Equity ETF $CNEQ Bought by MGO One Seven LLC

MGO One Seven LLC purchased a new position in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 227,885 shares of the company’s stock, valued at approximately $9,259,000.

Several other institutional investors also recently modified their holdings of CNEQ. IFP Advisors Inc bought a new stake in shares of Alger Concentrated Equity ETF during the 2nd quarter worth $78,000. Allworth Financial LP raised its position in shares of Alger Concentrated Equity ETF by 269.3% during the second quarter. Allworth Financial LP now owns 6,278 shares of the company’s stock worth $259,000 after purchasing an additional 4,578 shares during the period. Weaver Consulting Group purchased a new stake in shares of Alger Concentrated Equity ETF during the third quarter valued at $282,000. Chemistry Wealth Management LLC purchased a new stake in shares of Alger Concentrated Equity ETF during the third quarter valued at $294,000. Finally, Wavvest Wealth LLC purchased a new stake in shares of Alger Concentrated Equity ETF during the third quarter valued at $304,000.

Alger Concentrated Equity ETF Price Performance

Alger Concentrated Equity ETF stock opened at $37.14 on Monday. Alger Concentrated Equity ETF has a fifty-two week low of $29.47 and a fifty-two week high of $42.15. The firm’s 50 day simple moving average is $39.76 and its 200-day simple moving average is $37.41. The company has a market cap of $7.34 billion, a P/E ratio of 35.92 and a beta of 1.72.

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.