23,453 Alger Concentrated Equity ETF $CNEQ Shares Sold by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC lowered its position in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 19.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,905 shares of the company’s stock after selling 23,453 shares during the quarter. Alger Concentrated Equity ETF comprises approximately 0.8% of Castle Rock Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Castle Rock Wealth Management LLC owned 0.12% of Alger Concentrated Equity ETF worth $3,974,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CNEQ. NewEdge Advisors LLC increased its position in Alger Concentrated Equity ETF by 21.5% in the 2nd quarter. NewEdge Advisors LLC now owns 170,409 shares of the company’s stock valued at $7,033,000 after acquiring an additional 30,114 shares during the period. Cora Capital Advisors LLC bought a new position in shares of Alger Concentrated Equity ETF in the first quarter worth $2,804,000. Janney Montgomery Scott LLC increased its holdings in shares of Alger Concentrated Equity ETF by 25.3% during the first quarter. Janney Montgomery Scott LLC now owns 70,439 shares of the company’s stock valued at $2,192,000 after purchasing an additional 14,225 shares during the period. Onyx Bridge Wealth Group LLC raised its stake in shares of Alger Concentrated Equity ETF by 19.1% during the first quarter. Onyx Bridge Wealth Group LLC now owns 50,382 shares of the company’s stock valued at $1,568,000 after purchasing an additional 8,067 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new stake in Alger Concentrated Equity ETF in the second quarter worth about $1,662,000.

Alger Concentrated Equity ETF Trading Up 0.5%

CNEQ traded up $0.22 on Friday, reaching $40.86. The company had a trading volume of 1,385,005 shares, compared to its average volume of 192,265. The company has a market capitalization of $3.24 billion, a P/E ratio of 35.92 and a beta of 1.72. The company has a fifty day moving average of $40.08 and a 200-day moving average of $38.60. Alger Concentrated Equity ETF has a one year low of $29.47 and a one 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.