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

Northwestern Mutual Wealth Management Co. acquired a new position in shares of AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,336 shares of the company’s stock, valued at approximately $6,168,000. Northwestern Mutual Wealth Management Co. owned about 0.85% of AB US Large Cap Strategic Equities ETF at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Wagner Wealth Management LLC grew its stake in AB US Large Cap Strategic Equities ETF by 2.0% during the fourth quarter. Wagner Wealth Management LLC now owns 102,036 shares of the company’s stock worth $7,932,000 after buying an additional 1,957 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in AB US Large Cap Strategic Equities ETF during the third quarter worth about $55,000. Susquehanna International Group LLP bought a new stake in AB US Large Cap Strategic Equities ETF during the third quarter worth about $746,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of AB US Large Cap Strategic Equities ETF during the third quarter valued at approximately $210,000. Finally, Bank of America Corp DE grew its stake in shares of AB US Large Cap Strategic Equities ETF by 4,873.6% during the third quarter. Bank of America Corp DE now owns 16,761 shares of the company’s stock valued at $1,289,000 after purchasing an additional 16,424 shares during the last quarter.

AB US Large Cap Strategic Equities ETF Price Performance

LRGC opened at $84.09 on Wednesday. AB US Large Cap Strategic Equities ETF has a one year low of $67.40 and a one year high of $84.24. The company’s 50 day simple moving average is $79.34 and its 200-day simple moving average is $78.14. The stock has a market capitalization of $1.22 billion, a P/E ratio of 25.96 and a beta of 1.03.

AB US Large Cap Strategic Equities ETF Company Profile

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.