Stonebridge Financial Group LLC MO Invests $396,000 in Alger Concentrated Equity ETF $CNEQ

Stonebridge Financial Group LLC MO purchased a new stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 12,737 shares of the company’s stock, valued at approximately $396,000.

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

Alger Concentrated Equity ETF Stock Performance

Shares of Alger Concentrated Equity ETF stock opened at $41.01 on Tuesday. The company has a 50-day simple moving average of $38.65 and a two-hundred day simple moving average of $35.37. The stock has a market capitalization of $567.99 million, a PE ratio of 35.92 and a beta of 1.73. Alger Concentrated Equity ETF has a 52-week low of $27.74 and a 52-week 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.