Alger Concentrated Equity ETF $CNEQ Shares Newly Purchased by MGO One Seven LLC

MGO One Seven LLC bought a new stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 227,885 shares of the company’s stock, valued at approximately $9,259,000. MGO One Seven LLC owned 0.15% of Alger Concentrated Equity ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Flagship Harbor Advisors LLC increased its stake in shares of Alger Concentrated Equity ETF by 1.1% during the third quarter. Flagship Harbor Advisors LLC now owns 434,004 shares of the company’s stock valued at $17,634,000 after acquiring an additional 4,864 shares during the period. KWB Wealth acquired a new stake in Alger Concentrated Equity ETF in the third quarter worth approximately $13,498,000. NewEdge Advisors LLC boosted its stake in Alger Concentrated Equity ETF by 21.5% during the 2nd quarter. NewEdge Advisors LLC now owns 170,409 shares of the company’s stock valued at $7,033,000 after purchasing an additional 30,114 shares in the last quarter. WPG Advisers LLC boosted its stake in Alger Concentrated Equity ETF by 6.0% during the 3rd quarter. WPG Advisers LLC now owns 162,283 shares of the company’s stock valued at $6,594,000 after purchasing an additional 9,118 shares in the last quarter. Finally, Castle Rock Wealth Management LLC increased its position in shares of Alger Concentrated Equity ETF by 25.8% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 118,358 shares of the company’s stock valued at $4,796,000 after purchasing an additional 24,281 shares during the period.

Alger Concentrated Equity ETF Stock Performance

CNEQ opened at $37.14 on Monday. Alger Concentrated Equity ETF has a one year low of $29.47 and a one year high of $42.15. The stock’s fifty day moving average is $39.76 and its 200-day moving average is $37.41. The company has a market capitalization of $7.34 billion, a PE 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.