Janney Montgomery Scott LLC Acquires 14,225 Shares of Alger Concentrated Equity ETF $CNEQ

Janney Montgomery Scott LLC boosted its holdings in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 25.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,439 shares of the company’s stock after purchasing an additional 14,225 shares during the quarter. Janney Montgomery Scott LLC owned 0.55% of Alger Concentrated Equity ETF worth $2,192,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of Alger Concentrated Equity ETF by 132.5% in the fourth quarter. LPL Financial LLC now owns 1,075,771 shares of the company’s stock valued at $36,985,000 after buying an additional 613,133 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Alger Concentrated Equity ETF by 6.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 387,071 shares of the company’s stock worth $13,308,000 after buying an additional 22,874 shares in the last quarter. Sanchez Wealth Management Group acquired a new stake in Alger Concentrated Equity ETF during the fourth quarter worth approximately $7,399,000. Commonwealth Equity Services LLC grew its position in Alger Concentrated Equity ETF by 24.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 206,284 shares of the company’s stock worth $7,092,000 after buying an additional 40,757 shares in the last quarter. Finally, Brookwood Investment Group LLC bought a new position in Alger Concentrated Equity ETF during the 4th quarter worth $6,816,000.

Alger Concentrated Equity ETF Price Performance

Shares of NYSEARCA CNEQ opened at $39.75 on Thursday. The stock has a market capitalization of $725.44 million, a PE ratio of 35.92 and a beta of 1.71. The business has a fifty day moving average price of $39.64 and a two-hundred day moving average price of $35.83. Alger Concentrated Equity ETF has a fifty-two week low of $29.03 and a fifty-two week high of $42.15.

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.