Alger Concentrated Equity ETF (CNEQ)
| Assets | $161.15M |
| Expense Ratio | 0.55% |
| PE Ratio | 45.49 |
| Shares Out | 4.51M |
| Dividend (ttm) | $0.04 |
| Dividend Yield | 0.12% |
| Ex-Dividend Date | Dec 18, 2024 |
| Payout Frequency | n/a |
| Payout Ratio | 5.41% |
| Volume | 65,504 |
| Open | 35.00 |
| Previous Close | 35.48 |
| Day's Range | 34.80 - 35.00 |
| 52-Week Low | 19.34 |
| 52-Week High | 36.11 |
| Beta | n/a |
| Holdings | 31 |
| Inception Date | Apr 4, 2024 |
About CNEQ
Fund Home PageThe 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.
Top 10 Holdings
65.54% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 14.51% |
| Microsoft Corporation | MSFT | 10.98% |
| Amazon.com, Inc. | AMZN | 6.97% |
| Nebius Group N.V. | NBIS | 5.75% |
| Meta Platforms, Inc. | META | 5.58% |
| Broadcom Inc. | AVGO | 5.07% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 4.81% |
| AppLovin Corporation | APP | 4.23% |
| Apple Inc. | AAPL | 3.90% |
| Alphabet Inc. | GOOG | 3.73% |
Performance
CNEQ had a total return of 49.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 46.07%.
News
Turn to Tech Innovation Amid Uncertain Markets
When uncertain market conditions first began to pick up earlier this year, some advisors and investors began to believe the era of U.S. large-cap growth was going to come to an end. Or at the very lea...
Outpace the Market With a Concentrated Equity Strategy
If 2025's already extensive collection of news headlines can provide any lesson, it's that the market environment can change fast. At this point, it's realistically too difficult for advisors and inv...
CNEQ: High Conviction Growth With Manageable Risk
CNEQ offers a high-conviction, concentrated growth strategy with active management, delivering strong outperformance versus QQQ despite perceived higher risks. The ETF's sector and holding concentrati...