The Alger Concentrated Equity ETF (CNEQ) saw a substantial inflow of approximately $546.3 million, marking a 35.8% week-over-week increase in outstanding units, which rose from 38,100,000 to 51,737,500. This surge was reported today. The ETF’s recent trading price stands at $39.97, within a 52-week range of $29.47 to $42.15.
Key underlying assets in CNEQ include NVIDIA Corp (NVDA), down 1.5%, Amazon.com Inc (AMZN), up 2.1%, and Western Digital Corp (WDC), up 2.6%. The increase in units reflects investor demand, indicating potential impacts on the ETF’s underlying holdings.
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