CNEQ - ETF AI Analysis
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Alger Concentrated Equity ETF (CNEQ)
Rating:68Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has delivered solid gains so far this year and over the past few months, showing positive momentum.
Leading Technology and AI Exposure
Top holdings like Nvidia, Amazon, Broadcom, TSMC, and Western Digital have shown strong performance, giving the fund meaningful exposure to fast-growing technology and AI-related businesses.
Focused Yet Multi-Sector Portfolio
While technology is the largest slice, the fund also holds communication services, consumer cyclical, industrials, and other sectors, providing some diversification across different parts of the economy.
Negative Factors
High Stock Concentration
A small number of companies make up a large share of the portfolio, which increases the impact that any one stock’s moves can have on the ETF.
Heavy Technology Tilt
With nearly half of the fund in technology and more in tech-related names, the ETF is very sensitive to swings in the tech sector.
Above-Average Expense Ratio
The fund’s fee is higher than many broad index ETFs, which means more of the return is used to cover costs.
CNEQ vs. SPDR S&P 500 ETF (SPY)
AUM630.17M
RegionNorth America
Expense Ratio0.56%
Beta1.50
IssuerAlger
Inception DateApr 05, 2024
Dividend Yield0.45%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume175,250
30 Day Avg. Volume226,565
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
49.29Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering28
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CNEQ Summary
The Alger Concentrated Equity ETF (CNEQ) is an actively managed fund that focuses on a small group of large, fast-growing U.S. companies rather than tracking a specific index. It leans heavily into technology and communication services, with big names like Nvidia and Microsoft among its top holdings. Investors might consider CNEQ if they want growth potential from leading companies that are driving innovation and the modern digital economy. However, because it is concentrated in a limited number of mainly tech-related stocks, its price can be more volatile and may rise or fall sharply with changes in the tech sector and overall market.
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 leaning hard into U.S. tech and AI, with Nvidia in the driver’s seat and a strong supporting cast from Alphabet and Amazon, all helping power the fund higher. Apple has been steady, adding a reliable tailwind rather than fireworks. On the flip side, Microsoft looks a bit tired lately, and Tesla has been losing steam, keeping overall gains from looking even better. With most of the action in large U.S. growth names and a clear tilt toward semiconductors and Big Tech, this ETF is very much a high-octane, tech-first story.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 15.06% | $91.23M | $5.21T | 64.01% | 76 Outperform | |
| Microsoft | 7.29% | $44.16M | $3.11T | -7.02% | 79 Outperform | |
| Amazon | 6.87% | $41.62M | $2.86T | 32.50% | 71 Outperform | |
| Alphabet Class C | 6.58% | $39.86M | $4.62T | 123.70% | 82 Outperform | |
| TSMC | 5.56% | $33.68M | $1.86T | 110.71% | 81 Outperform | |
| Broadcom | 5.03% | $30.47M | $1.96T | 81.07% | 76 Outperform | |
| Western Digital | 4.92% | $29.80M | $166.92B | 865.08% | 77 Outperform | |
| Nebius Group | 4.84% | $29.32M | $54.05B | 456.54% | 46 Neutral | |
| Apple | 4.52% | $27.38M | $4.54T | 58.15% | 79 Outperform | |
| Tesla | 3.47% | $21.02M | $1.60T | 25.54% | 73 Outperform |
CNEQ Technical Analysis
Positive
―
Price Trends
35.22
Positive
34.53
Positive
34.27
Positive
Market Momentum
1.21
Negative
70.65
Negative
93.26
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CNEQ, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 38.12, equal to the 50-day MA of 35.22, and equal to the 200-day MA of 34.27, indicating a bullish trend. The MACD of 1.21 indicates Negative momentum. The RSI at 70.65 is Negative, neither overbought nor oversold. The STOCH value of 93.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CNEQ.
CNEQ Peer Comparison
Comparison Results
Performance Comparison
CNEQ
Alger Concentrated Equity ETF
40.02
12.93
47.73%
QDVO
Amplify CWP Growth & Income ETF
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FLCG
Federated Hermes MDT Large Cap Growth ETF
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LRGE
ClearBridge Large Cap Growth ESG ETF
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CAML
Congress Large Cap Growth ETF
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CARK
CastleArk Large Growth ETF
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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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