Alger Concentrated Equity ETF $CNEQ Shares Bought by Atria Investments Inc

Atria Investments Inc grew its holdings in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 27.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 144,122 shares of the company’s stock after purchasing an additional 31,159 shares during the period. Atria Investments Inc owned approximately 2.83% of Alger Concentrated Equity ETF worth $5,068,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in Alger Concentrated Equity ETF during the 3rd quarter valued at about $12,807,000. Commonwealth Equity Services LLC boosted its holdings in shares of Alger Concentrated Equity ETF by 81.2% in the third quarter. Commonwealth Equity Services LLC now owns 165,527 shares of the company’s stock valued at $5,821,000 after acquiring an additional 74,196 shares in the last quarter. Truist Financial Corp increased its stake in shares of Alger Concentrated Equity ETF by 360.0% during the third quarter. Truist Financial Corp now owns 133,862 shares of the company’s stock valued at $4,707,000 after acquiring an additional 104,760 shares during the period. Orion Porfolio Solutions LLC acquired a new position in shares of Alger Concentrated Equity ETF during the second quarter valued at approximately $3,947,000. Finally, Castle Rock Wealth Management LLC raised its holdings in Alger Concentrated Equity ETF by 2.9% during the third quarter. Castle Rock Wealth Management LLC now owns 88,132 shares of the company’s stock worth $3,134,000 after purchasing an additional 2,510 shares in the last quarter.

Alger Concentrated Equity ETF Price Performance

CNEQ opened at $32.96 on Friday. The business has a 50 day moving average price of $34.43 and a two-hundred day moving average price of $34.08. The company has a market capitalization of $237.31 million, a price-to-earnings ratio of 35.92 and a beta of 1.76. Alger Concentrated Equity ETF has a 1-year low of $19.33 and a 1-year high of $36.98.

Alger Concentrated Equity ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 18th were issued a $0.18 dividend. The ex-dividend date was Thursday, December 18th. This represents a dividend yield of 53.0%.

Alger Concentrated Equity ETF 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.