Alger Concentrated Equity ETF (CNEQ)
Alger Concentrated Equity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $40.95, up 0.34% on the session, giving a market capitalisation of $107.8M. Its beta of 1.71 implies it has historically moved more than the broad market.
The Alger Concentrated Equity ETF primarily invests its capital in the stock of large-capitalization companies. These firms are selected by the portfolio manager for their perceived substantial growth prospects. A minimum of one-quarter of the fund's total assets will be allocated to enterprises within a specific group of interrelated sectors, as defined by independent classification systems. These industries encompass: 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. This fund operates as a non-diversified investment vehicle.
Alger Concentrated Equity ETF is most often compared with the following Financial Services names: