Sanctuary Advisors LLC Lowers Holdings in Alger Concentrated Equity ETF $CNEQ

Sanctuary Advisors LLC trimmed its holdings in Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 12.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,820 shares of the company’s stock after selling 20,255 shares during the quarter. Sanctuary Advisors LLC’s holdings in Alger Concentrated Equity ETF were worth $4,289,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. LPL Financial LLC boosted its position in shares of Alger Concentrated Equity ETF by 132.5% during the fourth quarter. LPL Financial LLC now owns 1,075,771 shares of the company’s stock worth $36,985,000 after acquiring an additional 613,133 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Alger Concentrated Equity ETF by 6.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 387,071 shares of the company’s stock valued at $13,308,000 after purchasing an additional 22,874 shares during the last quarter. Sanchez Wealth Management Group purchased a new position in shares of Alger Concentrated Equity ETF during the fourth quarter valued at about $7,399,000. Commonwealth Equity Services LLC grew its position in shares of Alger Concentrated Equity ETF by 24.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 206,284 shares of the company’s stock valued at $7,092,000 after purchasing an additional 40,757 shares in the last quarter. Finally, Brookwood Investment Group LLC bought a new stake in shares of Alger Concentrated Equity ETF in the fourth quarter worth about $6,816,000.

Alger Concentrated Equity ETF Stock Performance

NYSEARCA:CNEQ opened at $38.32 on Monday. The company has a market capitalization of $868.33 million, a P/E ratio of 35.92 and a beta of 1.71. Alger Concentrated Equity ETF has a 12 month low of $29.47 and a 12 month high of $42.15. The business’s 50-day moving average is $40.00 and its 200 day moving average is $36.07.

Alger Concentrated Equity ETF Company 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.