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Alger Concentrated Equity ETF (CNEQ)

Large Growth | Exchange Traded Fund | NYSEArca
36.20 USD -0.02 (-0.055%) ⇩ (April 21, 2026, 11:47 a.m. EDT)

Short-term: ★★★★★ | Long-term: ★★★☆☆ | Dividends: ★★★☆☆
Hot Take | April 19, 2026, 12:24 a.m. EDT

After a significant correction to the $29.68 low, CNEQ has mounted a strong technical recovery to test the $35 level with high volume and positive momentum, supported by strong fund manager performance relative to the SPY; however, this catalyst-only strategy carries high volatility risk over the long term with a 40.9x P/E and non-inflationary yields.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.037794
MSTL0.043087
AutoTheta0.057021
AutoARIMA0.070833

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 45%
H-stat 6.80
Ljung-Box p 0.000
Jarque-Bera p 0.386
Excess Kurtosis 0.44
Attribute Value
Trailing P/E 40.69

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.53% 0.53%
Dividend History
Date Dividend Yield %
2025-12-18 0.180 0.533175
2024-12-18 0.041 0.158799
Additional Data
dividendYield 0.58

Info Dump

Attribute Value
All Time High 36.98
All Time Low 18.69
Ask 36.2
Ask Size 200
Average Daily Volume10 Day 123,330
Average Daily Volume3 Month 176,800
Average Volume 176,800
Average Volume10Days 123,330
Beta3 Year 0.0
Bid 36.16
Bid Size 100
Category Large Growth
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 36.6289
Day Low 36.02
Dividend Yield 0.58
Eps Trailing Twelve Months 0.8897208
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 32.9648
Fifty Day Average Change 3.235199
Fifty Day Average Change Percent 0.098141015
Fifty Two Week Change Percent 68.80273
Fifty Two Week High 36.98
Fifty Two Week High Change -0.7799988
Fifty Two Week High Change Percent -0.02109245
Fifty Two Week Low 21.161
Fifty Two Week Low Change 15.039001
Fifty Two Week Low Change Percent 0.7106943
Fifty Two Week Range 21.161 - 36.98
First Trade Date Milliseconds 1,712,323,800,000
Full Exchange Name NYSEArca
Fund Family Alger
Fund Inception Date 1,712,188,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary Under normal circumstances, 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. The fund manager intends to invest a substantial portion of its assets in a smaller number of issuers. The fund is non-diversified.
Long Name Alger Concentrated Equity ETF
Market us_market
Market State REGULAR
Max Age 86,400
Message Board Id finmb_1872023366
Nav Price 36.14
Net Assets 387,587,168.0
Net Expense Ratio 0.55
Open 36.3
Phone 212-806-8833
Previous Close 36.22
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.020000458
Regular Market Change Percent -0.055219375
Regular Market Day High 36.6289
Regular Market Day Low 36.02
Regular Market Day Range 36.02 - 36.6289
Regular Market Open 36.3
Regular Market Previous Close 36.22
Regular Market Price 36.2
Regular Market Time 1,776,786,466
Regular Market Volume 31,634
Short Name Alger Concentrated Equity ETF
Source Interval 15
Symbol CNEQ
Total Assets 387,587,168
Tradeable 0
Trailing P E 40.686924
Trailing Peg Ratio None
Trailing Three Month Nav Returns -9.51216
Trailing Three Month Returns -9.51216
Triggerable 1
Two Hundred Day Average 33.445896
Two Hundred Day Average Change 2.7541046
Two Hundred Day Average Change Percent 0.08234507
Type Disp ETF
Volume 31,634
Yield 0.0058
Ytd Return -9.51216