Alger Concentrated Equity ETF (NYSEARCA:CNEQ – Get Free Report) announced an annual dividend on Wednesday, December 17th. Stockholders of record on Thursday, December 18th will be paid a dividend of 0.18 per share on Wednesday, December 31st. This represents a dividend yield of 54.0%. The ex-dividend date of this dividend is Thursday, December 18th.
Alger Concentrated Equity ETF Stock Performance
NYSEARCA:CNEQ opened at $33.69 on Thursday. The company has a market capitalization of $171.50 million, a P/E ratio of 35.92 and a beta of 1.76. The stock’s 50 day moving average price is $34.74 and its 200 day moving average price is $32.51. Alger Concentrated Equity ETF has a 52 week low of $19.33 and a 52 week high of $36.98.
Institutional Investors Weigh In On Alger Concentrated Equity ETF
Several institutional investors and hedge funds have recently modified their holdings of CNEQ. Truist Financial Corp bought a new position in shares of Alger Concentrated Equity ETF in the 2nd quarter valued at approximately $842,000. Janney Montgomery Scott LLC bought a new stake in Alger Concentrated Equity ETF during the second quarter worth approximately $239,000. Orion Porfolio Solutions LLC acquired a new position in Alger Concentrated Equity ETF during the second quarter valued at approximately $3,947,000. Atria Investments Inc bought a new position in shares of Alger Concentrated Equity ETF in the second quarter valued at approximately $3,355,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Alger Concentrated Equity ETF in the second quarter valued at approximately $788,000.
Alger Concentrated Equity ETF Company 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.
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