Rockefeller Capital Management L.P. Takes Position in Alger Concentrated Equity ETF $CNEQ

Rockefeller Capital Management L.P. acquired a new position in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,750 shares of the company’s stock, valued at approximately $541,000. Rockefeller Capital Management L.P. owned about 0.22% of Alger Concentrated Equity ETF at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. bought a new position in Alger Concentrated Equity ETF in the 4th quarter worth $39,000. Allworth Financial LP acquired a new stake in shares of Alger Concentrated Equity ETF in the fourth quarter valued at about $58,000. Steward Partners Investment Advisory LLC grew its position in shares of Alger Concentrated Equity ETF by 188.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,875 shares of the company’s stock valued at $64,000 after purchasing an additional 1,225 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Alger Concentrated Equity ETF by 114.5% in the second quarter. Osaic Holdings Inc. now owns 2,445 shares of the company’s stock worth $73,000 after purchasing an additional 1,305 shares during the period. Finally, Private Trust Co. NA bought a new position in shares of Alger Concentrated Equity ETF in the fourth quarter worth about $138,000.

Alger Concentrated Equity ETF Stock Performance

NYSEARCA CNEQ opened at $39.69 on Friday. Alger Concentrated Equity ETF has a twelve month low of $28.92 and a twelve month high of $42.15. The stock has a market capitalization of $714.82 million, a PE ratio of 35.92 and a beta of 1.71. The stock has a 50-day simple moving average of $39.44 and a 200 day simple moving average of $35.69.

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.