CNEQ Stock Summary and Trading Ideas (Alger ETF Trust Alger Concentrated Equity ETF | ARCA:CNEQ)

The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of large-cap companies that the Manager believes demonstrate promising growth potential. For these purposes, "large-cap companies" are those companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell 1000 Growth Index. The Fund 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. From time to time, the Fund may have 25% or more of its total assets invested in any one of these industries. The Fund intends to invest a substantial portion of its assets in a smaller number of issuers. Generally, the Fund will own no more than 30 holdings.The Fund is an actively managed exchange-traded fund ("ETF") that does not seek to replicate the performance of a specified index

Alger ETF Trust Alger Concentrated Equity ETF trades on the ARCA stock market under the symbol CNEQ.

As of May 8, 2024, CNEQ stock price was flat at $20.03 with million shares trading.

CNEQ has a market cap of $4.51 million. This is considered a Sub-Micro Cap stock.

CNEQ support price is $19.75 and resistance is $20.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNEQ stock will trade within this expected range on the day.