90,100 Shares in Alger Concentrated Equity ETF $CNEQ Purchased by Cora Capital Advisors LLC

Cora Capital Advisors LLC bought a new position in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 90,100 shares of the company’s stock, valued at approximately $2,804,000. Alger Concentrated Equity ETF comprises about 0.9% of Cora Capital Advisors LLC’s holdings, making the stock its 19th biggest position. Cora Capital Advisors LLC owned 0.70% of Alger Concentrated Equity ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CNEQ. Flagship Harbor Advisors LLC raised its holdings in shares of 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 valued at $13,308,000 after purchasing an additional 22,874 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Alger Concentrated Equity ETF by 132.1% in the third quarter. Envestnet Asset Management Inc. now owns 61,595 shares of the company’s stock worth $2,166,000 after purchasing an additional 35,061 shares during the last quarter. Worth Financial Advisory Group LLC boosted its holdings in Alger Concentrated Equity ETF by 117.1% in the fourth quarter. Worth Financial Advisory Group LLC now owns 38,818 shares of the company’s stock worth $1,335,000 after purchasing an additional 20,937 shares during the last quarter. Sanchez Wealth Management Group bought a new stake in Alger Concentrated Equity ETF in the 4th quarter worth approximately $7,399,000. Finally, Brookwood Investment Group LLC bought a new stake in Alger Concentrated Equity ETF in the 4th quarter worth approximately $6,816,000.

Alger Concentrated Equity ETF Trading Down 2.4%

Shares of CNEQ opened at $40.02 on Wednesday. The firm has a fifty day simple moving average of $38.77 and a two-hundred day simple moving average of $35.41. The firm has a market cap of $554.28 million, a PE ratio of 35.92 and a beta of 1.73. Alger Concentrated Equity ETF has a 1-year low of $28.50 and a 1-year high of $42.15.

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.