Wealth Management Partners LLC Buys New Position in Alger Concentrated Equity ETF $CNEQ

Wealth Management Partners LLC bought a new stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,337 shares of the company’s stock, valued at approximately $540,000. Wealth Management Partners LLC owned about 0.14% of Alger Concentrated Equity ETF at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new position in shares of Alger Concentrated Equity ETF during the 4th quarter worth $39,000. Allworth Financial LP purchased a new stake in shares of Alger Concentrated Equity ETF in the 4th quarter worth $58,000. Steward Partners Investment Advisory LLC increased its stake in shares of Alger Concentrated Equity ETF by 188.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,875 shares of the company’s stock worth $64,000 after purchasing an additional 1,225 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Alger Concentrated Equity ETF by 114.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,445 shares of the company’s stock worth $73,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Private Trust Co. NA bought a new position in Alger Concentrated Equity ETF in the 4th quarter worth $138,000.

Alger Concentrated Equity ETF Stock Performance

NYSEARCA CNEQ opened at $40.02 on Wednesday. The company has a market capitalization of $554.28 million, a PE ratio of 35.92 and a beta of 1.73. The business’s fifty day moving average is $38.77 and its 200 day moving average is $35.41. Alger Concentrated Equity ETF has a fifty-two week low of $28.50 and a fifty-two week high of $42.15.

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.