Axxcess Wealth Management LLC Invests $2.08 Million in Alger Concentrated Equity ETF $CNEQ

Axxcess Wealth Management LLC acquired a new position in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) in the 3rd quarter, HoldingsChannel reports. The fund acquired 59,255 shares of the company’s stock, valued at approximately $2,084,000.

Other large investors have also modified their holdings of the company. Atria Investments Inc lifted its stake in shares of Alger Concentrated Equity ETF by 27.6% during the 3rd quarter. Atria Investments Inc now owns 144,122 shares of the company’s stock worth $5,068,000 after acquiring an additional 31,159 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its position in shares of Alger Concentrated Equity ETF by 1.0% during the third quarter. Onyx Bridge Wealth Group LLC now owns 43,105 shares of the company’s stock worth $1,516,000 after purchasing an additional 409 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Alger Concentrated Equity ETF during the third quarter worth $821,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Alger Concentrated Equity ETF during the third quarter valued at $232,000. Finally, Western Wealth Management LLC bought a new position in shares of Alger Concentrated Equity ETF in the third quarter worth about $331,000.

Alger Concentrated Equity ETF Price Performance

Shares of CNEQ opened at $33.56 on Friday. The firm has a market capitalization of $241.63 million, a price-to-earnings ratio of 35.92 and a beta of 1.76. Alger Concentrated Equity ETF has a 1-year low of $19.33 and a 1-year high of $36.98. The company has a 50-day moving average of $34.27 and a 200 day moving average of $34.12.

Alger Concentrated Equity ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 18th were paid a dividend of $0.18 per share. This represents a dividend yield of 53.0%. The ex-dividend date of this dividend was Thursday, December 18th.

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.