Flagship Harbor Advisors LLC Grows Stock Position in Alger Concentrated Equity ETF $CNEQ

Flagship Harbor Advisors LLC grew its position in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 387,071 shares of the company’s stock after acquiring an additional 22,874 shares during the quarter. Flagship Harbor Advisors LLC owned about 5.69% of Alger Concentrated Equity ETF worth $13,308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CNEQ. Stratos Wealth Partners LTD. boosted its stake in Alger Concentrated Equity ETF by 22.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 28,658 shares of the company’s stock worth $985,000 after buying an additional 5,311 shares during the last quarter. Worth Financial Advisory Group LLC boosted its stake in Alger Concentrated Equity ETF by 117.1% during the fourth quarter. Worth Financial Advisory Group LLC now owns 38,818 shares of the company’s stock worth $1,335,000 after buying an additional 20,937 shares during the last quarter. Embree Financial Group boosted its stake in Alger Concentrated Equity ETF by 44.2% during the fourth quarter. Embree Financial Group now owns 35,710 shares of the company’s stock worth $1,228,000 after buying an additional 10,938 shares during the last quarter. CoreCap Advisors LLC boosted its stake in Alger Concentrated Equity ETF by 886.8% during the fourth quarter. CoreCap Advisors LLC now owns 6,641 shares of the company’s stock worth $228,000 after buying an additional 5,968 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Alger Concentrated Equity ETF during the third quarter worth $346,000.

Alger Concentrated Equity ETF Stock Performance

NYSEARCA CNEQ opened at $31.83 on Tuesday. The stock’s fifty day moving average is $32.73 and its two-hundred day moving average is $34.09. The firm has a market capitalization of $397.24 million, a P/E ratio of 35.92 and a beta of 1.76. Alger Concentrated Equity ETF has a fifty-two week low of $19.33 and a fifty-two week high of $36.98.

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.