Compass Financial Management LLC Makes New $1.66 Million Investment in Alger Concentrated Equity ETF $CNEQ

Compass Financial Management LLC acquired a new stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 41,224 shares of the company’s stock, valued at approximately $1,662,000. Compass Financial Management LLC owned 0.16% of Alger Concentrated Equity ETF at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Alger Concentrated Equity ETF by 132.5% during the fourth quarter. LPL Financial LLC now owns 1,075,771 shares of the company’s stock worth $36,985,000 after purchasing an additional 613,133 shares during the last quarter. Sanchez Wealth Management Group purchased a new stake in Alger Concentrated Equity ETF in the fourth quarter valued at $7,399,000. NewEdge Advisors LLC purchased a new stake in Alger Concentrated Equity ETF in the third quarter valued at $4,908,000. Orion Porfolio Solutions LLC acquired a new stake in Alger Concentrated Equity ETF during the 2nd quarter worth about $3,947,000. Finally, Raymond James Financial Inc. raised its stake in shares of Alger Concentrated Equity ETF by 315.5% during the 3rd quarter. Raymond James Financial Inc. now owns 153,250 shares of the company’s stock valued at $5,389,000 after buying an additional 116,369 shares during the last quarter.

Alger Concentrated Equity ETF Stock Up 0.9%

Shares of CNEQ stock opened at $39.59 on Friday. The stock has a market cap of $992.13 million, a PE ratio of 35.92 and a beta of 1.75. The business has a 50-day simple moving average of $39.75 and a 200-day simple moving average of $36.84. Alger Concentrated Equity ETF has a 52-week low of $29.47 and a 52-week high of $42.15.

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.