Alger Concentrated Equity ETF (CNEQ) closed at $38.66 on October 27, 2026, up 2.0% from the previous close, on volume of 150,445 shares (30-day average 220,489).
Data as of October 27, 2026.
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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 Concentrated Equity ETF trades on the ARCA stock market under the symbol CNEQ.
As of October 27, 2026, CNEQ stock price climbed to $38.66 with 150,445 million shares trading.
CNEQ has a beta of 1.64, meaning it tends to be more sensitive to market movements. CNEQ has a correlation of 0.73 to the broad based SPY ETF.
CNEQ has a market cap of $7.25 billion. This is considered a Mid Cap stock.
CNEQ has underperformed the market in the last year with a price return of +10.4% while the SPY ETF gained +14.8%. CNEQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.0% and -4.7%, respectively, while the SPY returned +4.4% and -1.1%, respectively.
CNEQ support price is $37.36 and resistance is $38.48 (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 shares will trade within this expected range on the day.
