Janney Montgomery Scott LLC Buys Shares of 8,050 Alger Concentrated Equity ETF $CNEQ

Janney Montgomery Scott LLC bought a new stake in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,050 shares of the company’s stock, valued at approximately $239,000. Janney Montgomery Scott LLC owned about 0.37% of Alger Concentrated Equity ETF as of its most recent SEC filing.

Separately, Creative Financial Designs Inc. ADV boosted its stake in Alger Concentrated Equity ETF by 93.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,689 shares of the company’s stock valued at $38,000 after acquiring an additional 814 shares during the last quarter.

Alger Concentrated Equity ETF Stock Up 0.4%

NYSEARCA CNEQ opened at $34.72 on Tuesday. The company’s 50 day moving average is $33.76 and its 200-day moving average is $29.42. Alger Concentrated Equity ETF has a 12-month low of $19.33 and a 12-month high of $36.11. The firm has a market cap of $158.67 million, a P/E ratio of 35.92 and a beta of 1.73.

About Alger Concentrated Equity ETF

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.