Western Wealth Management LLC Boosts Position in Alger Concentrated Equity ETF $CNEQ

Western Wealth Management LLC raised its position in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 112.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 31,899 shares of the company’s stock after purchasing an additional 16,883 shares during the period. Western Wealth Management LLC owned about 0.23% of Alger Concentrated Equity ETF worth $993,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CNEQ. Geneos Wealth Management Inc. acquired a new position in Alger Concentrated Equity ETF during the fourth quarter worth about $39,000. Steward Partners Investment Advisory LLC grew its position in shares of Alger Concentrated Equity ETF by 188.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,875 shares of the company’s stock valued at $64,000 after purchasing an additional 1,225 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of 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 purchasing an additional 1,305 shares in the last quarter. Harvest Investment Services LLC increased its stake in shares of Alger Concentrated Equity ETF by 2.6% during the 3rd quarter. Harvest Investment Services LLC now owns 54,990 shares of the company’s stock worth $1,934,000 after purchasing an additional 1,417 shares in the last quarter. Finally, Prosperity Financial Group Inc. raised its position in shares of Alger Concentrated Equity ETF by 26.3% during the 4th quarter. Prosperity Financial Group Inc. now owns 7,957 shares of the company’s stock worth $274,000 after purchasing an additional 1,659 shares during the last quarter.

Alger Concentrated Equity ETF Price Performance

Shares of Alger Concentrated Equity ETF stock opened at $40.80 on Friday. Alger Concentrated Equity ETF has a 1 year low of $29.47 and a 1 year high of $42.15. The business has a 50 day moving average price of $39.62 and a 200 day moving average price of $36.63. The company has a market capitalization of $1.02 billion, a P/E ratio of 35.92 and a beta of 1.75.

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.