CNEQ - ETF AI Analysis
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Alger Concentrated Equity ETF (CNEQ)
Rating:67Neutral
Price Target:―
Positive Factors
Focused Growth Leaders
The ETF holds several well-known technology and internet companies that are widely viewed as long-term growth leaders, which can support future return potential.
Exposure to Innovative Sectors
Heavy weights in technology and communication services give investors targeted exposure to innovative, fast-changing parts of the economy.
Meaningful Fund Size
With a sizable asset base, the ETF appears established enough to offer reasonable trading liquidity for most everyday investors.
Negative Factors
Recent Weak Performance
The ETF has shown weak returns over the past month, three months, and year to date, which may concern investors looking for near-term momentum.
High Concentration in a Few Stocks
A small number of large positions make up a big share of the portfolio, increasing the impact that any one stock’s weakness can have on the fund.
Above-Average Fees for an ETF
The expense ratio is on the higher side for an ETF, which means more of the fund’s gross returns are eaten up by costs over time.
CNEQ vs. SPDR S&P 500 ETF (SPY)
AUM397.18M
RegionNorth America
Expense Ratio0.55%
Beta1.48
IssuerAlger
Inception DateApr 05, 2024
Dividend Yield0.56%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume128,850
30 Day Avg. Volume171,033
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
42.13Price 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 U.S.-focused fund that picks a small group of large, fast-growing companies instead of tracking a broad index. It leans heavily into technology and communication services, with big positions in well-known names like Nvidia and Microsoft, along with other major tech and internet firms. Someone might consider this ETF if they want long-term growth potential from leading companies rather than a slow, steady market average. However, because it is concentrated and heavily tilted toward tech-related stocks, its price can swing more and may fall sharply if growth or tech stocks struggle.
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 a high-conviction bet on U.S. Big Tech and AI, with Nvidia and Microsoft sitting in the driver’s seat. Both have recently been losing a bit of altitude, which can weigh on returns given their hefty weights. Amazon, Meta, and Alphabet are also treading water, so the usual tech all-stars aren’t providing much lift right now. Bright spots like Nebius and the more mixed but recently rising AppLovin help, but this is still a tech-heavy, U.S.-centric fund that lives and dies by a handful of mega-cap growth names.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 14.51% | $54.33M | $4.33T | 84.94% | 76 Outperform | |
| Microsoft | 8.01% | $29.99M | $2.76T | 5.00% | 79 Outperform | |
| Amazon | 6.56% | $24.56M | $2.29T | 25.26% | 71 Outperform | |
| Alphabet Class C | 5.59% | $20.93M | $3.69T | 107.35% | 82 Outperform | |
| TSMC | 5.54% | $20.74M | $1.52T | 144.27% | 81 Outperform | |
| Nebius Group | 5.30% | $19.84M | $29.55B | 461.02% | 46 Neutral | |
| Apple | 5.00% | $18.72M | $3.72T | 47.02% | 79 Outperform | |
| Broadcom | 4.82% | $18.05M | $1.58T | 114.04% | 76 Outperform | |
| QXO Inc | 3.95% | $14.79M | $13.33B | 52.39% | 66 Neutral | |
| Tesla | 3.80% | $14.23M | $1.30T | 56.25% | 73 Outperform |
CNEQ Technical Analysis
Neutral
―
Price Trends
32.82
Negative
33.63
Negative
33.04
Negative
Market Momentum
-0.49
Negative
48.61
Neutral
76.15
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CNEQ, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 31.86, equal to the 50-day MA of 32.82, and equal to the 200-day MA of 33.04, indicating a bearish trend. The MACD of -0.49 indicates Negative momentum. The RSI at 48.61 is Neutral, neither overbought nor oversold. The STOCH value of 76.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CNEQ.
CNEQ Peer Comparison
Comparison Results
Performance Comparison
CNEQ
Alger Concentrated Equity ETF
31.93
9.11
39.92%
TGRW
T. Rowe Price Growth Stock ETF
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IWLG
IQ Winslow Large Cap Growth ETF
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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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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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