Cora Capital Advisors LLC Purchases Shares of 90,100 Alger Concentrated Equity ETF $CNEQ

Cora Capital Advisors LLC purchased a new stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 90,100 shares of the company’s stock, valued at approximately $2,804,000. Alger Concentrated Equity ETF comprises about 0.9% of Cora Capital Advisors LLC’s investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors have also recently made changes to their positions in CNEQ. Flagship Harbor Advisors LLC boosted its holdings in shares of Alger Concentrated Equity ETF by 6.3% in 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. Envestnet Asset Management Inc. increased its holdings in Alger Concentrated Equity ETF by 132.1% during the third quarter. Envestnet Asset Management Inc. now owns 61,595 shares of the company’s stock valued at $2,166,000 after buying an additional 35,061 shares during the last quarter. Worth Financial Advisory Group LLC increased its holdings in Alger Concentrated Equity ETF by 117.1% during the fourth quarter. Worth Financial Advisory Group LLC now owns 38,818 shares of the company’s stock valued at $1,335,000 after buying an additional 20,937 shares during the last quarter. Sanchez Wealth Management Group purchased a new stake in Alger Concentrated Equity ETF during the fourth quarter valued at approximately $7,399,000. Finally, Brookwood Investment Group LLC bought a new position in Alger Concentrated Equity ETF in the fourth quarter worth approximately $6,816,000.

Alger Concentrated Equity ETF Price Performance

Shares of Alger Concentrated Equity ETF stock opened at $40.02 on Wednesday. Alger Concentrated Equity ETF has a 1-year low of $28.50 and a 1-year high of $42.15. The company’s fifty day simple moving average is $38.77 and its 200-day simple moving average is $35.41. The stock has a market capitalization of $554.28 million, a PE ratio of 35.92 and a beta of 1.73.

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.