Envestnet Asset Management Inc. Raises Stock Position in AB US Large Cap Strategic Equities ETF $LRGC

Envestnet Asset Management Inc. lifted its position in shares of AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) by 89.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,359 shares of the company’s stock after acquiring an additional 37,065 shares during the quarter. Envestnet Asset Management Inc. owned 0.94% of AB US Large Cap Strategic Equities ETF worth $6,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new position in AB US Large Cap Strategic Equities ETF in the 3rd quarter valued at approximately $85,000. MGO One Seven LLC grew its holdings in AB US Large Cap Strategic Equities ETF by 23.8% in the third quarter. MGO One Seven LLC now owns 83,372 shares of the company’s stock valued at $6,413,000 after purchasing an additional 16,033 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of AB US Large Cap Strategic Equities ETF by 121.4% in the third quarter. Global Retirement Partners LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 244 shares in the last quarter. Wagner Wealth Management LLC raised its stake in shares of AB US Large Cap Strategic Equities ETF by 0.9% during the 3rd quarter. Wagner Wealth Management LLC now owns 100,079 shares of the company’s stock worth $7,698,000 after buying an additional 912 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of AB US Large Cap Strategic Equities ETF by 27.4% in the 2nd quarter. Alliancebernstein L.P. now owns 5,375,670 shares of the company’s stock worth $384,281,000 after buying an additional 1,157,643 shares in the last quarter.

AB US Large Cap Strategic Equities ETF Trading Up 0.6%

Shares of NYSEARCA LRGC opened at $77.91 on Friday. The stock has a market cap of $724.56 million, a price-to-earnings ratio of 25.96 and a beta of 1.03. AB US Large Cap Strategic Equities ETF has a 52 week low of $55.94 and a 52 week high of $82.00. The company’s 50-day moving average price is $78.07 and its 200 day moving average price is $77.03.

About AB US Large Cap Strategic Equities ETF

The AB US Large Cap Strategic Equities ETF (LRGC) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap US companies. Its stock selection process combines fundamental and quantitative research to identify opportunities while managing risk. LRGC was launched on Sep 20, 2023 and is issued by AB Funds.