Alger Concentrated Equity ETF (CNEQ)
| Assets | $215.30M |
| Expense Ratio | 0.55% |
| PE Ratio | 45.49 |
| Shares Out | 6.15M |
| Dividend (ttm) | $0.04 |
| Dividend Yield | 0.12% |
| Ex-Dividend Date | Dec 18, 2024 |
| Payout Frequency | n/a |
| Payout Ratio | 5.33% |
| Volume | 41,160 |
| Open | 35.16 |
| Previous Close | 35.05 |
| Day's Range | 34.90 - 35.28 |
| 52-Week Low | 19.34 |
| 52-Week High | 36.98 |
| 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
65.46% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 13.66% |
| Microsoft Corporation | MSFT | 10.39% |
| Amazon.com, Inc. | AMZN | 7.16% |
| Alphabet Inc. | GOOG | 5.83% |
| Broadcom Inc. | AVGO | 5.79% |
| Apple Inc. | AAPL | 5.33% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 5.02% |
| AppLovin Corporation | APP | 4.55% |
| Nebius Group N.V. | NBIS | 3.99% |
| Meta Platforms, Inc. | META | 3.74% |
Performance
CNEQ had a total return of 31.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 40.32%.
News
CNEQ: Concentrated Risk With High Return Potential
The Alger Concentrated Equity ETF (CNEQ) offers exposure to 30 high-conviction, growth-oriented stocks, heavily weighted toward mega-cap technology and AI leaders. CNEQ has outperformed benchmark indi...
Why Tech Growth Could Be Here to Stay
It's certainly no secret at this point that many investors have leaned on the tech sector as a significant driver of growth in the past few years. There's certainly a good reason why investors have ch...
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...