CNEQ - ETF AI Analysis
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Alger Concentrated Equity ETF (CNEQ)
Rating:66Neutral
Price Target:―
Positive Factors
Strong Overall Year-to-Date Performance
The ETF has delivered strong gains so far this year, showing solid momentum for investors.
High-Performing Top Holdings
Several major positions, including leading technology and semiconductor companies, have shown strong performance and are helping drive the fund’s returns.
Focused Growth in Technology
The fund’s large tilt toward technology and related sectors gives investors concentrated exposure to areas that have been strong drivers of market growth.
Negative Factors
Heavy Concentration in a Few Stocks
A small number of companies make up a large portion of the portfolio, which increases the impact if any of these holdings run into trouble.
Sector Concentration Risk
With nearly half of the fund in technology and significant exposure to communication services, the ETF is more sensitive to downturns in these specific sectors.
Mixed Performance Among Top Holdings
While many key positions are performing well, a few large holdings have shown weaker or negative performance, which can drag on overall returns.
CNEQ vs. SPDR S&P 500 ETF (SPY)
AUM903.23M
RegionNorth America
Expense Ratio0.56%
Beta1.52
IssuerAlger
Inception DateApr 05, 2024
Dividend Yield0.5%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume181,236
30 Day Avg. Volume218,147
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
49.05Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering27
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CNEQ Summary
Alger Concentrated Equity ETF (CNEQ) is a growth-focused fund that invests in a small, select group of large, established companies rather than tracking a specific index. It leans heavily toward technology and communication services, with major holdings like Nvidia and Microsoft, along with other big names such as Apple and Amazon. Someone might invest in CNEQ if they want the potential for higher long-term growth from leading, innovative companies. However, because it is concentrated and heavily tilted toward tech-related stocks, its price can move up and down more sharply with changes in the market and the tech sector.
How much will it cost me?The Alger Concentrated Equity ETF (CNEQ) has an expense ratio of 0.55%, which means you’ll pay $5.50 per year for every $1,000 invested. This is higher than average because it is actively managed, focusing on a concentrated portfolio of high-growth, large-cap companies.
What would affect this ETF?The Alger Concentrated Equity ETF (CNEQ), with its focus on large-cap growth companies, could benefit from continued innovation and strong earnings growth in sectors like technology and communication services, which dominate its portfolio. However, it may face challenges if interest rates rise, as growth stocks often become less attractive in such environments, or if regulatory changes impact major holdings like Nvidia, Microsoft, or Amazon. Economic slowdowns or shifts in consumer spending could also negatively affect its exposure to consumer cyclical industries.
CNEQ Top 10 Holdings
CNEQ is essentially an AI-and-Big-Tech engine, with Nvidia, Apple, and Broadcom doing much of the heavy lifting. Nvidia and Broadcom are riding the AI semiconductor wave, while Apple has been steadily climbing and now feels like the fund’s reliable workhorse. On the flip side, Alphabet and Amazon have been more mixed lately, losing some momentum and acting as mild brakes on performance. Western Digital and Nebius add punchy, higher-risk AI-related exposure. Overall, it’s a concentrated, U.S.-heavy growth bet with a strong tilt toward tech and communication services.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 14.02% | $124.98M | $4.77T | 5.99% | 76 Outperform | |
| Microsoft | 6.72% | $59.89M | $2.92T | -23.91% | 79 Outperform | |
| Alphabet Class C | 5.81% | $51.81M | $4.08T | 70.06% | 82 Outperform | |
| Apple | 5.72% | $51.03M | $4.99T | 61.77% | 79 Outperform | |
| TSMC | 5.66% | $50.49M | $1.82T | 54.24% | 81 Outperform | |
| Broadcom | 5.15% | $45.96M | $1.81T | 22.37% | 76 Outperform | |
| Western Digital | 4.45% | $39.65M | $159.76B | 546.84% | 77 Outperform | |
| Nebius Group | 4.07% | $36.26M | $42.70B | 188.98% | 46 Neutral | |
| Amazon | 4.05% | $36.14M | $2.48T | -1.54% | 71 Outperform | |
| Meta Platforms | 3.44% | $30.68M | $1.51T | -15.76% | 76 Outperform |
CNEQ Technical Analysis
Negative
―
Price Trends
39.77
Negative
37.16
Negative
35.73
Positive
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CNEQ, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 39.16, equal to the 50-day MA of 39.77, and equal to the 200-day MA of 35.73, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNEQ.
CNEQ Peer Comparison
Comparison Results
Performance Comparison
CNEQ
Alger Concentrated Equity ETF
36.34
5.38
17.38%
QDVO
Amplify CWP Growth & Income ETF
―
―
―
FLCG
Federated Hermes MDT Large Cap Growth ETF
―
―
―
CAML
Congress Large Cap Growth ETF
―
―
―
LRGE
ClearBridge Large Cap Growth ESG ETF
―
―
―
CARK
CastleArk Large Growth ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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