Worth Financial Advisory Group LLC Purchases 20,937 Shares of Alger Concentrated Equity ETF $CNEQ

Worth Financial Advisory Group LLC boosted its position in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 117.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,818 shares of the company’s stock after buying an additional 20,937 shares during the quarter. Worth Financial Advisory Group LLC’s holdings in Alger Concentrated Equity ETF were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new position in shares of Alger Concentrated Equity ETF during the 3rd quarter valued at $12,807,000. Orion Porfolio Solutions LLC grew its stake in shares of Alger Concentrated Equity ETF by 105.8% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 273,436 shares of the company’s stock worth $9,615,000 after acquiring an additional 140,541 shares during the period. NewEdge Advisors LLC purchased a new stake in Alger Concentrated Equity ETF in the 3rd quarter worth about $4,908,000. Raymond James Financial Inc. increased its holdings in Alger Concentrated Equity ETF by 315.5% in the 3rd quarter. Raymond James Financial Inc. now owns 153,250 shares of the company’s stock worth $5,389,000 after acquiring an additional 116,369 shares during the last quarter. Finally, Truist Financial Corp raised its stake in Alger Concentrated Equity ETF by 360.0% in the 3rd 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.

Alger Concentrated Equity ETF Stock Up 0.5%

NYSEARCA CNEQ opened at $31.60 on Friday. The company has a market cap of $393.74 million, a PE ratio of 35.92 and a beta of 1.76. Alger Concentrated Equity ETF has a 52 week low of $19.33 and a 52 week high of $36.98. The firm’s 50-day simple moving average is $32.84 and its two-hundred day simple moving average is $34.13.

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.