Sanchez Wealth Management Group Sells 208,133 Shares of Alger Concentrated Equity ETF $CNEQ

Sanchez Wealth Management Group decreased its stake in shares of Alger Concentrated Equity ETF (NYSEARCA:CNEQ) by 92.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,170 shares of the company’s stock after selling 208,133 shares during the period. Alger Concentrated Equity ETF makes up 2.1% of Sanchez Wealth Management Group’s portfolio, making the stock its 18th biggest position. Sanchez Wealth Management Group’s holdings in Alger Concentrated Equity ETF were worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Flagship Harbor Advisors LLC increased its stake in shares of Alger Concentrated Equity ETF by 1.1% during the third quarter. Flagship Harbor Advisors LLC now owns 434,004 shares of the company’s stock valued at $17,634,000 after acquiring an additional 4,864 shares during the period. KWB Wealth bought a new position in Alger Concentrated Equity ETF during the 3rd quarter valued at $13,498,000. MGO One Seven LLC acquired a new position in shares of Alger Concentrated Equity ETF during the 3rd quarter valued at $9,259,000. NewEdge Advisors LLC increased its position in shares of Alger Concentrated Equity ETF by 21.5% during the 2nd quarter. NewEdge Advisors LLC now owns 170,409 shares of the company’s stock valued at $7,033,000 after purchasing an additional 30,114 shares during the period. Finally, WPG Advisers LLC increased its position in shares of Alger Concentrated Equity ETF by 6.0% during the 3rd quarter. WPG Advisers LLC now owns 162,283 shares of the company’s stock valued at $6,594,000 after purchasing an additional 9,118 shares during the period.

Alger Concentrated Equity ETF Stock Performance

CNEQ opened at $37.09 on Thursday. Alger Concentrated Equity ETF has a one year low of $29.47 and a one year high of $42.15. The stock’s fifty day moving average is $39.61 and its 200-day moving average is $37.43. The company has a market capitalization of $7.53 billion, a PE ratio of 26.42 and a beta of 1.78.

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.