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CNEQ - ETF AI Analysis
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Alger Concentrated Equity ETF (CNEQ)
Rating:72Outperform
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)
AUM371.05M
RegionNorth America
Expense Ratio0.55%
Beta1.48
IssuerAlger
Inception DateApr 05, 2024
Dividend Yield0.55%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume548,813
30 Day Avg. Volume162,850
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
45.70Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering30
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
This fund is essentially a high-conviction bet on U.S.-led Big Tech and AI, with Nvidia and TSMC doing much of the heavy lifting as their chip and AI stories keep powering ahead. Meta and Broadcom are also adding some spark, helped by steady progress in AI and infrastructure. On the flip side, Microsoft and Amazon have been losing a bit of steam lately, and AppLovin has been a real drag, with more mixed signals than momentum. Overall, it’s a tech-heavy, U.S.-centric portfolio with a few global chip names in the mix.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 13.88% | $20.63M | $4.38T | 48.15% | 76 Outperform | |
| Microsoft | 11.12% | $16.53M | $2.94T | 1.80% | 79 Outperform | |
| Amazon | 6.87% | $10.20M | $2.23T | 4.91% | 71 Outperform | |
| AppLovin | 5.90% | $8.77M | $154.70B | 56.60% | 74 Outperform | |
| Meta Platforms | 5.70% | $8.48M | $1.55T | 1.00% | 76 Outperform | |
| Nebius Group | 5.53% | $8.22M | $28.43B | 292.87% | 46 Neutral | |
| Broadcom | 4.63% | $6.89M | $1.53T | 64.75% | 76 Outperform | |
| TSMC | 4.57% | $6.80M | $1.51T | 94.33% | 81 Outperform | |
| Apple | 4.00% | $5.94M | $3.67T | 17.16% | 79 Outperform | |
| Alphabet Class C | 3.83% | $5.69M | $3.65T | 79.85% | 82 Outperform |
CNEQ Technical Analysis
Neutral
―
Price Trends
33.76
Negative
34.15
Negative
32.77
Positive
Market Momentum
-0.32
Negative
47.52
Neutral
51.61
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 32.99, equal to the 50-day MA of 33.76, and equal to the 200-day MA of 32.77, indicating a neutral trend. The MACD of -0.32 indicates Negative momentum. The RSI at 47.52 is Neutral, neither overbought nor oversold. The STOCH value of 51.61 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
32.82
9.69
41.89%
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.
Disclaimer
This 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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