Alger Concentrated Equity ETF
NYSE Arca:CNEQ

  • LAST PRICE
    24.73
  • TODAY'S CHANGE (%)
    -0.49 (-1.96%)
  • Bid / Lots
    12.34/ 2
  • Ask / Lots
    37.02/ 2
  • Open / Previous Close
    24.64 / 25.22
  • Day Range
    24.64
    24.73
  • 52 Week Range
    18.69
    25.49
  • Volume
    2,092
  • Overall Morningstar Rating
    Not Ratedout of 2308 funds

Search Criteria

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CompanyCountrySymbol

Charts

Price Comparison Graph. See accessible table below
Data delayed at least 15 minutes.

Daily Premium/Discount

Bar Graph.See accessible table below
ETFs trading at a price higher than its Net Asset Value (NAV) is said to be trading at a premium, while those trading at price lower than its NAV is said to be at a discount. By showing the daily premium/discount percentage, we can see the trend in market sentiments, regarding the value of an ETF over time.

Holdings Diversification

Asset Class
US Stock		88.4%
Non-US Stock		10.9%
Cash		0.7%
Convertible		0
Non-US Bond		0
Other		0
Sectors
Technology50.4%
Communication Services12.1%
Consumer Cyclical11.7%
Healthcare9.3%
Industrials8.7%
Financial Serv.s4.3%
Utilities1.8%
Energy1.0%
Basic Mat.0
Consumer Defensive0
Real Estate0
Geographic Region
United States		89.0%
Canada		3.9%
Asia/Oceania		3.6%
Europe		2.3%
Latin America		1.2%
Africa		0
As of 2024-08-31

Top 10 Holdings

Company NamePositionAllocation
Allocation
1 Month Change
Market Value
MSFT
Microsoft Corp
Long
13.3%
+41.51%
$1.3M
NVDA
NVIDIA Corp
Long
13.0%
+44.43%
$1.2M
AAPL
Apple Inc
Long
8.6%
+44.03%
$804.5K
AMZN
Amazon.com Inc
Long
8.1%
+41.56%
$760.1K
META
Meta Platforms Inc Class A
Long
6.5%
+46.42%
$606.8K
HEI.A
Heico Corp Class A
Long
3.7%
+36.55%
$348.4K
TSM
Taiwan Semiconductor Manufacturing Co Ltd ADR
Long
3.6%
+40.83%
$336.4K
APP
AppLovin Corp Ordinary Shares - Class A
Long
3.3%
+60.82%
$308.4K
AVGO
Broadcom Inc
Long
3.2%
+64.77%
$297.8K
GFL
GFL Environmental Inc
Long
2.9%
+41.63%
$268.0K
As of 2024-11-11

Reports

No reports available

Morningstar Ratings

Time HorizonStar Rating
Overall RatingNot Rated
3 Year RatingNot Rated
5 Year RatingNot Rated
10 Year RatingNot Rated
As of 2024-10-31

Past performance is no guarantee of future results. The ratings reflect historical risk-adjusted performance, and the overall rating is derived from a weight average of the fund's 3, 5, and 10 year (Morningstar Rating) metrics.

Style Box is calculated only using the long position holdings of the portfolio.

ETF Profile
Best Fit Index
N/A
Category
Large Growth
Sponsor
Fred Alger Management, LLC
Inception
April 4, 2024
As of 2024-08-31

The investment seeks long-term capital appreciation. The fund invests primarily in the equity securities of large-cap companies that the m9+.anager believes demonstrate promising growth potential. It will invest at least 25% of its total assets in companies focused in the following group of related industries: software, technology hardware storage and peripherals, semiconductors and semiconductor equipment, information technology services, electronic equipment instruments and components, communications equipment, broadline retail and interactive media and services, as classified by third party sources. The fund is non-diversified.

Holding Details
Total Net Assets$12.3M
Shares Out.588.0K
Net Asset Value (NAV)$24.70
Prem/Discount to NAV0.11%
P/E Ratio40.9
Dividend Yield---
Dividend per Share---
Ex-Dividend Date---
Dividend Payment Date---
Beta---
Morningstar Investment StyleLarge Growth
Equity Style
Large Cap Growth
Credit Quality / Duration
---
Fees & Expenses
Actual Management Fee0.45%
Actual Mgmt. Expense Ratio (MER)---