Loading…
Loading…
Envestnet Asset Management Inc. bought a new stake in AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 41,294 shares of the company's stock, valued at approximately $2,952,000. Envestnet Asset Management Inc. owned 0.61%
The AB US Large Cap Strategic Equities ETF has outperformed the S&P 500 since its inception in September 2023, achieving a 33% return. The ETF's sector allocation, with significant weight in healthcare, financials, consumer discretionary, and industrials has driven its recent outperformance. Value sectors like utilities, consumer discretionary, and real estate are emerging as strong performers, benefiting from falling interest rates and economic optimism.
Demand has been strong for short-term fixed income ETFs in 2023. That helped AllianceBernstein (AB) pass $1 billion invested in ETFs assets in early November.
Hello! This is MarketWatch reporter Isabel Wang bringing you this week's ETF Wrap. In this week's edition, we look at ETFs in the nuclear energy sector, which has emerged as one of the best performing ETF themes this year, driven by a notable surge in uranium prices.
AllianceBernstein announced the launch of the AB U.S. Large Cap Strategic Equities ETF (NYSE Arca: LRGC) on the NYSE. The actively managed ETF uses a research-driven stock selection process to identify large-cap U.S. stocks with strong company fundamentals.
SEC filings for LRGC aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.