Alger Concentrated Equity ETF (NYSEARCA:CNEQ) to Issue Dividend of $0.04

Alger Concentrated Equity ETF (NYSEARCA:CNEQ) declared a dividend on Tuesday, December 17th,NASDAQ Dividends reports. Stockholders of record on Wednesday, December 18th will be given a dividend of 0.0411 per share on Tuesday, December 31st. The ex-dividend date is Wednesday, December 18th.

Alger Concentrated Equity ETF Trading Down 3.6 %

Shares of CNEQ traded down $0.97 during mid-day trading on Wednesday, reaching $25.96. The company had a trading volume of 1,984 shares, compared to its average volume of 10,700. The company’s 50 day simple moving average is $25.04 and its 200 day simple moving average is $23.02. Alger Concentrated Equity ETF has a 1-year low of $18.69 and a 1-year high of $27.20.

Alger Concentrated Equity ETF Company Profile

The Alger Concentrated Equity ETF (CNEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, targeting large-cap companies with high growth potential. The fund maintains a concentrated portfolio of no more than 30 stocks, seeking long-term captial appreciation CNEQ was launched on Apr 4, 2024 and is issued by Alger.