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

Alger Concentrated Equity ETF (NYSEARCA:CNEQ) announced a dividend on Tuesday, December 17th,NASDAQ Dividends reports. Shareholders of record on Wednesday, December 18th will be paid 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 NYSEARCA 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. Alger Concentrated Equity ETF has a twelve month low of $18.69 and a twelve month high of $27.20. The stock’s 50 day moving average is $25.04 and its 200-day moving average is $23.02.

About Alger Concentrated Equity ETF

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.