Kestra Advisory Services LLC Buys 19,223 Shares of Alger Concentrated Equity ETF $CNEQ

Kestra Advisory Services LLC lifted its stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 189.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,354 shares of the company’s stock after buying an additional 19,223 shares during the period. Kestra Advisory Services LLC’s holdings in Alger Concentrated Equity ETF were worth $913,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wealth Management Partners LLC purchased a new stake in Alger Concentrated Equity ETF in the 1st quarter valued at $540,000. Flagship Harbor Advisors LLC boosted its holdings in Alger Concentrated Equity ETF by 6.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 387,071 shares of the company’s stock worth $13,308,000 after acquiring an additional 22,874 shares during the last quarter. Cora Capital Advisors LLC bought a new stake in shares of Alger Concentrated Equity ETF in the 1st quarter worth $2,804,000. Sanchez Wealth Management Group bought a new stake in shares of Alger Concentrated Equity ETF in the 4th quarter worth $7,399,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Alger Concentrated Equity ETF by 25.3% in the first quarter. Janney Montgomery Scott LLC now owns 70,439 shares of the company’s stock valued at $2,192,000 after purchasing an additional 14,225 shares during the last quarter.

Alger Concentrated Equity ETF Price Performance

CNEQ opened at $37.89 on Friday. The company’s 50-day moving average is $39.97 and its 200 day moving average is $36.21. Alger Concentrated Equity ETF has a fifty-two week low of $29.47 and a fifty-two week high of $42.15. The firm has a market capitalization of $869.58 million, a P/E ratio of 35.92 and a beta of 1.71.

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.