Harvest Investment Services LLC Makes New $1.43 Million Investment in Alger Concentrated Equity ETF (NYSEARCA:CNEQ)

Harvest Investment Services LLC acquired a new stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 55,285 shares of the company’s stock, valued at approximately $1,430,000. Harvest Investment Services LLC owned 24.57% of Alger Concentrated Equity ETF at the end of the most recent quarter.

Separately, Commonwealth Equity Services LLC bought a new stake in Alger Concentrated Equity ETF in the fourth quarter valued at about $286,000.

Alger Concentrated Equity ETF Stock Down 3.1 %

Shares of CNEQ opened at $20.91 on Tuesday. Alger Concentrated Equity ETF has a 12 month low of $18.86 and a 12 month high of $28.22. The stock has a market cap of $22.58 million, a price-to-earnings ratio of 33.51 and a beta of 1.73. The company has a 50-day moving average price of $23.81 and a two-hundred day moving average price of $25.05.

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.