23,347 Shares in Alger Concentrated Equity ETF $CNEQ Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. bought a new stake in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 23,347 shares of the company’s stock, valued at approximately $821,000. Stratos Wealth Partners LTD. owned approximately 0.46% of Alger Concentrated Equity ETF at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CNEQ. Osaic Holdings Inc. boosted its position in Alger Concentrated Equity ETF by 114.5% during the second quarter. Osaic Holdings Inc. now owns 2,445 shares of the company’s stock worth $73,000 after purchasing an additional 1,305 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Alger Concentrated Equity ETF during the 3rd quarter worth $136,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Alger Concentrated Equity ETF in the 3rd quarter worth about $232,000. Janney Montgomery Scott LLC acquired a new stake in Alger Concentrated Equity ETF in the 2nd quarter valued at about $239,000. Finally, Western Wealth Management LLC purchased a new position in Alger Concentrated Equity ETF during the 3rd quarter valued at about $331,000.

Alger Concentrated Equity ETF Stock Up 0.3%

NYSEARCA CNEQ opened at $32.96 on Tuesday. Alger Concentrated Equity ETF has a fifty-two week low of $19.33 and a fifty-two week high of $36.98. The stock has a market cap of $237.31 million, a price-to-earnings ratio of 35.92 and a beta of 1.76. The business has a fifty day moving average of $34.38 and a 200-day moving average of $34.11.

Alger Concentrated Equity ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 18th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a dividend yield of 53.0%.

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.