Alger Concentrated Equity ETF (NYSEARCA:CNEQ – Get Free Report) declared an annual dividend on Wednesday, December 17th. Shareholders of record on Thursday, December 18th will be paid a dividend of 0.18 per share on Wednesday, December 31st. This represents a yield of 54.0%. The ex-dividend date of this dividend is Thursday, December 18th.
Alger Concentrated Equity ETF Price Performance
NYSEARCA CNEQ opened at $33.10 on Thursday. The business has a fifty day moving average price of $34.74 and a two-hundred day moving average price of $32.51. The stock has a market capitalization of $168.48 million, a PE 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.
Institutional Trading of Alger Concentrated Equity ETF
Several large investors have recently bought and sold shares of CNEQ. Osaic Holdings Inc. raised its stake in Alger Concentrated Equity ETF by 114.5% during the second quarter. Osaic Holdings Inc. now owns 2,445 shares of the company’s stock worth $73,000 after acquiring an additional 1,305 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Alger Concentrated Equity ETF during the 3rd quarter valued at approximately $136,000. Prosperity Financial Group Inc. bought a new stake in shares of Alger Concentrated Equity ETF during the 3rd quarter valued at approximately $221,000. Oppenheimer & Co. Inc. acquired a new position in Alger Concentrated Equity ETF during the 3rd quarter worth approximately $232,000. Finally, Janney Montgomery Scott LLC bought a new position in Alger Concentrated Equity ETF in the 2nd quarter valued at approximately $239,000.
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.
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