Northwestern Mutual Wealth Management Co. Makes New Investment in AB US Large Cap Strategic Equities ETF $LRGC

Northwestern Mutual Wealth Management Co. bought a new position in AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 79,336 shares of the company’s stock, valued at approximately $6,168,000.

Several other hedge funds also recently bought and sold shares of LRGC. Jane Street Group LLC raised its holdings in AB US Large Cap Strategic Equities ETF by 373.1% in the first quarter. Jane Street Group LLC now owns 17,279 shares of the company’s stock worth $1,108,000 after purchasing an additional 13,627 shares during the period. Alliancebernstein L.P. raised its holdings in AB US Large Cap Strategic Equities ETF by 27.4% in the second quarter. Alliancebernstein L.P. now owns 5,375,670 shares of the company’s stock worth $384,281,000 after purchasing an additional 1,157,643 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in AB US Large Cap Strategic Equities ETF in the third quarter worth $85,000. Envestnet Asset Management Inc. raised its holdings in AB US Large Cap Strategic Equities ETF by 89.8% in the third quarter. Envestnet Asset Management Inc. now owns 78,359 shares of the company’s stock worth $6,027,000 after purchasing an additional 37,065 shares during the period. Finally, PNC Financial Services Group Inc. acquired a new stake in AB US Large Cap Strategic Equities ETF in the third quarter worth $64,000.

AB US Large Cap Strategic Equities ETF Stock Performance

LRGC opened at $84.09 on Wednesday. The firm’s fifty day moving average is $79.34 and its two-hundred day moving average is $78.14. The firm has a market cap of $1.22 billion, a PE ratio of 25.96 and a beta of 1.03. AB US Large Cap Strategic Equities ETF has a twelve month low of $67.40 and a twelve month high of $84.24.

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.