29,691 Alger Concentrated Equity ETF $CNEQ Shares Sold by Compass Financial Management LLC

Compass Financial Management LLC reduced its stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 72.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,533 shares of the company’s stock after selling 29,691 shares during the period. Compass Financial Management LLC’s holdings in Alger Concentrated Equity ETF were worth $469,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. R. W. Roge & Company Inc. increased its holdings in shares of Alger Concentrated Equity ETF by 8.5% in the second quarter. R. W. Roge & Company Inc. now owns 12,268 shares of the company’s stock valued at $506,000 after purchasing an additional 961 shares during the period. IFP Advisors Inc purchased a new stake in Alger Concentrated Equity ETF in the second quarter valued at approximately $78,000. Three Magnolias Financial Advisors LLC increased its holdings in Alger Concentrated Equity ETF by 10.9% in the 3rd quarter. Three Magnolias Financial Advisors LLC now owns 20,819 shares of the company’s stock worth $846,000 after buying an additional 2,048 shares during the period. Royal Bank of Canada lifted its stake in Alger Concentrated Equity ETF by 38.9% during the 1st quarter. Royal Bank of Canada now owns 15,101 shares of the company’s stock valued at $470,000 after acquiring an additional 4,230 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Alger Concentrated Equity ETF by 269.3% in the 2nd quarter. Allworth Financial LP now owns 6,278 shares of the company’s stock valued at $259,000 after acquiring an additional 4,578 shares during the last quarter.

Alger Concentrated Equity ETF Stock Up 2.1%

Shares of NYSEARCA:CNEQ traded up $0.72 during midday trading on Friday, reaching $35.34. The company’s stock had a trading volume of 256,298 shares, compared to its average volume of 199,911. The firm has a market capitalization of $5.83 billion, a PE ratio of 26.42 and a beta of 1.78. Alger Concentrated Equity ETF has a twelve month low of $29.47 and a twelve month high of $42.15. The stock has a fifty day moving average of $39.42 and a 200 day moving average of $37.44.

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.