Kestra Advisory Services LLC Has $913,000 Holdings in Alger Concentrated Equity ETF $CNEQ

Kestra Advisory Services LLC grew its position in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 189.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,354 shares of the company’s stock after acquiring an additional 19,223 shares during the quarter. Kestra Advisory Services LLC owned about 0.21% of Alger Concentrated Equity ETF worth $913,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC grew its position in Alger Concentrated Equity ETF by 132.5% in the 4th quarter. LPL Financial LLC now owns 1,075,771 shares of the company’s stock valued at $36,985,000 after purchasing an additional 613,133 shares during the period. Flagship Harbor Advisors LLC raised its holdings 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 during the last quarter. Sanchez Wealth Management Group acquired a new position in Alger Concentrated Equity ETF during the fourth quarter worth $7,399,000. Commonwealth Equity Services LLC lifted its stake in shares of Alger Concentrated Equity ETF by 24.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 206,284 shares of the company’s stock valued at $7,092,000 after buying an additional 40,757 shares in the last quarter. Finally, Brookwood Investment Group LLC bought a new position in shares of Alger Concentrated Equity ETF in the fourth quarter valued at $6,816,000.

Alger Concentrated Equity ETF Price Performance

Shares of NYSEARCA CNEQ opened at $37.89 on Friday. The stock has a market capitalization of $869.58 million, a P/E ratio of 35.92 and a beta of 1.71. The company has a 50-day moving average price of $39.97 and a 200-day moving average price of $36.21. Alger Concentrated Equity ETF has a 1 year low of $29.47 and a 1 year 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.