Commonwealth Equity Services LLC Has $5.82 Million Stock Position in Alger Concentrated Equity ETF $CNEQ

Commonwealth Equity Services LLC lifted its holdings in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 81.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,527 shares of the company’s stock after acquiring an additional 74,196 shares during the period. Commonwealth Equity Services LLC owned approximately 3.41% of Alger Concentrated Equity ETF worth $5,821,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Truist Financial Corp bought a new stake in Alger Concentrated Equity ETF during the 2nd quarter worth approximately $842,000. Janney Montgomery Scott LLC purchased a new position in shares of Alger Concentrated Equity ETF during the second quarter valued at approximately $239,000. Embree Financial Group bought a new stake in Alger Concentrated Equity ETF during the third quarter worth $871,000. Orion Porfolio Solutions LLC purchased a new stake in Alger Concentrated Equity ETF in the 2nd quarter valued at $3,947,000. Finally, Envestnet Asset Management Inc. bought a new position in Alger Concentrated Equity ETF during the 2nd quarter valued at $788,000.

Alger Concentrated Equity ETF Price Performance

CNEQ opened at $34.86 on Thursday. Alger Concentrated Equity ETF has a 1 year low of $19.33 and a 1 year high of $36.98. The company has a market capitalization of $233.21 million, a price-to-earnings ratio of 35.92 and a beta of 1.76. The firm’s fifty day moving average price is $34.57 and its two-hundred day moving average price is $33.44.

Alger Concentrated Equity ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 18th were issued a dividend of $0.18 per share. The ex-dividend date 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.