23,453 Alger Concentrated Equity ETF $CNEQ Shares Sold by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC reduced its position in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 19.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,905 shares of the company’s stock after selling 23,453 shares during the period. Alger Concentrated Equity ETF makes up about 0.8% of Castle Rock Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. Castle Rock Wealth Management LLC’s holdings in Alger Concentrated Equity ETF were worth $3,974,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in Alger Concentrated Equity ETF by 21.5% in the 2nd quarter. NewEdge Advisors LLC now owns 170,409 shares of the company’s stock valued at $7,033,000 after acquiring an additional 30,114 shares during the last quarter. Cora Capital Advisors LLC acquired a new position in shares of Alger Concentrated Equity ETF in the 1st quarter worth approximately $2,804,000. Janney Montgomery Scott LLC grew its stake in shares of Alger Concentrated Equity ETF by 25.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 70,439 shares of the company’s stock worth $2,192,000 after purchasing an additional 14,225 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of Alger Concentrated Equity ETF in the 2nd quarter worth approximately $1,662,000. Finally, Onyx Bridge Wealth Group LLC lifted its stake in Alger Concentrated Equity ETF by 19.1% during the first quarter. Onyx Bridge Wealth Group LLC now owns 50,382 shares of the company’s stock valued at $1,568,000 after purchasing an additional 8,067 shares during the last quarter.

Alger Concentrated Equity ETF Trading Up 0.5%

CNEQ stock traded up $0.22 on Friday, hitting $40.86. 1,385,005 shares of the company’s stock traded hands, compared to its average volume of 192,265. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 35.92 and a beta of 1.72. Alger Concentrated Equity ETF has a 1-year low of $29.47 and a 1-year high of $42.15. The stock has a fifty day moving average of $40.08 and a 200-day moving average of $38.60.

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.