Envestnet Asset Management Inc. Has $2.17 Million Holdings in Alger Concentrated Equity ETF $CNEQ

Envestnet Asset Management Inc. boosted its stake in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 132.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,595 shares of the company’s stock after purchasing an additional 35,061 shares during the period. Envestnet Asset Management Inc. owned about 1.22% of Alger Concentrated Equity ETF worth $2,166,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Atria Investments Inc acquired a new position in Alger Concentrated Equity ETF during the 2nd quarter worth about $3,355,000. Orion Porfolio Solutions LLC bought a new position in shares of Alger Concentrated Equity ETF during the second quarter worth about $3,947,000. Osaic Holdings Inc. lifted its stake in shares of Alger Concentrated Equity ETF by 114.5% in 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 during the period. Embree Financial Group acquired a new position in shares of Alger Concentrated Equity ETF in the third quarter worth approximately $871,000. Finally, Castle Rock Wealth Management LLC boosted its holdings in Alger Concentrated Equity ETF by 2.9% in the third quarter. Castle Rock Wealth Management LLC now owns 88,132 shares of the company’s stock valued at $3,134,000 after acquiring an additional 2,510 shares during the last quarter.

Alger Concentrated Equity ETF Stock Performance

NYSEARCA:CNEQ opened at $32.84 on Friday. Alger Concentrated Equity ETF has a fifty-two week low of $19.33 and a fifty-two week high of $36.98. The company has a 50 day simple moving average of $34.21 and a two-hundred day simple moving average of $34.19. The company has a market capitalization of $236.45 million, a PE ratio of 35.92 and a beta of 1.76.

Alger Concentrated Equity ETF Dividend Announcement

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

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.