Rockefeller Capital Management L.P. Takes $541,000 Position in Alger Concentrated Equity ETF $CNEQ

Rockefeller Capital Management L.P. bought a new position in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,750 shares of the company’s stock, valued at approximately $541,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in Alger Concentrated Equity ETF in the 4th quarter valued at $39,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Alger Concentrated Equity ETF by 188.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,875 shares of the company’s stock valued at $64,000 after acquiring an additional 1,225 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Alger Concentrated Equity ETF by 114.5% in 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. Harvest Investment Services LLC boosted its stake in shares of Alger Concentrated Equity ETF by 2.6% in the 3rd quarter. Harvest Investment Services LLC now owns 54,990 shares of the company’s stock valued at $1,934,000 after purchasing an additional 1,417 shares in the last quarter. Finally, Prosperity Financial Group Inc. grew its holdings in shares of Alger Concentrated Equity ETF by 26.3% in the 4th quarter. Prosperity Financial Group Inc. now owns 7,957 shares of the company’s stock worth $274,000 after purchasing an additional 1,659 shares during the last quarter.

Alger Concentrated Equity ETF Price Performance

Shares of Alger Concentrated Equity ETF stock opened at $39.69 on Friday. Alger Concentrated Equity ETF has a 12-month low of $28.92 and a 12-month high of $42.15. The stock has a market capitalization of $714.82 million, a P/E ratio of 35.92 and a beta of 1.71. The company has a 50-day simple moving average of $39.44 and a 200 day simple moving average of $35.69.

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.