Truist Financial Corp Has $4.71 Million Position in Alger Concentrated Equity ETF $CNEQ

Truist Financial Corp raised its position in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 360.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,862 shares of the company’s stock after purchasing an additional 104,760 shares during the quarter. Truist Financial Corp owned approximately 2.66% of Alger Concentrated Equity ETF worth $4,707,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. American Alpha Advisors LLC acquired a new position in shares of Alger Concentrated Equity ETF during the 3rd quarter worth $1,414,000. Commonwealth Equity Services LLC lifted its holdings in Alger Concentrated Equity ETF by 81.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 165,527 shares of the company’s stock worth $5,821,000 after purchasing an additional 74,196 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Alger Concentrated Equity ETF during the second quarter worth approximately $239,000. Worth Financial Advisory Group LLC acquired a new position in Alger Concentrated Equity ETF during the third quarter valued at approximately $629,000. Finally, Embree Financial Group bought a new position in shares of Alger Concentrated Equity ETF in the third quarter valued at approximately $871,000.

Alger Concentrated Equity ETF Trading Down 1.0%

NYSEARCA:CNEQ opened at $33.65 on Wednesday. The firm has a market capitalization of $234.20 million, a PE ratio of 35.92 and a beta of 1.76. Alger Concentrated Equity ETF has a 1 year low of $19.33 and a 1 year high of $36.98. The firm’s fifty day simple moving average is $34.70 and its 200 day simple moving average is $33.96.

Alger Concentrated Equity ETF Dividend Announcement

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

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.