On May 21, 2023, Raymond James Financial Services Advisors Inc. announced its updated investment position in ClearBridge Large Cap Growth ESG ETF (NASDAQ:LRGE) with much fanfare. According to the company’s most recent filing with the Securities and Exchange Commission (SEC), it acquired an additional 14,371 shares of the growing company. The move represented a remarkable increase of 19.9% in the institutional investor’s already significant stake.
Raymond James Financial Services Advisors Inc. now holds a total of 86,628 shares in ClearBridge Large Cap Growth ESG ETF, valued at an impressive $3,536,000. The investment firm’s bullish stance on the company underscores its confidence in the long-term viability of ClearBridge Large Cap Growth ESG ETF.
As one of the leading asset management firms globally, Raymond James is renowned for being au courant with market trends and strategy adaptation principles necessary for growth maximization and portfolio diversification. The latest movement by Raymond James in increasing its position in ClearBridge demonstrates a keen eye for investments that possess a huge potential upside while maintaining acceptable risk profiles; after all, this institution commands trillions of dollars under management.
ClearBridge Large Cap Growth ESG ETF has solidified its position as one of the top-growing companies operating across various sectors globally over time. With emphasis on environmental sustainability standards and corporate social responsibility (CSR), LRGE has created a strong brand appeal among investors who want to impact positive change through responsible investment strategies.
Furthermore, by offering promising financial returns coupled with an unwavering commitment to promoting sustainable business practices like investing in renewable energy sources or supporting ethical sourcing practices around supply chains across all associated layers including product manufacturers and transportation companies or partnering other socially conscious institutions towards similar goals – LRGE makes good investment sense for investors serious about profitable investments that will not only return impressive value but make meaningful contributions to communities affected by business activities on the ground.
In conclusion, Raymond James Financial Services Advisors’ decision to increase its position in ClearBridge Large Cap Growth ESG ETF underscores its foresight and confidence in LRGE’s ability to continue delivering strong returns while maintaining environmental and social responsibility standards. It is a smart strategic move that further consolidates RJFS as one of the leading financial powerhouses globally. We look forward to seeing the impact of this investment on fund performance & rewarding prospects for shareholders in the near future!
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Hedge Funds Increasing Holdings in ClearBridge Large Cap Growth ESG ETF (Ticker Symbol: LRGE)
In the world of finance, it is a common practice for hedge fund managers to make changes in their positions on a company’s stocks. ClearBridge Large Cap Growth ESG ETF (Ticker Symbol: LRGE) has not been an exception. However, what sets LRGE apart is the noticeable increase in the stakes of various hedge funds. These funds have increased their shares in LRGE by as much as 21% in some cases.
Raymond James Trust N.A., for instance, increased its stake by 3.9% in the fourth quarter of 2022 and now owns 6,743 shares valued at $275,000. Vestmark Advisory Solutions Inc. raised its holdings by 2.9%, owning 11,636 shares worth $475,000 while Commonwealth Equity Services LLC raised its holdings by 10.1%, owning a total of 20,803 shares valued at $824,000 after purchasing an additional 1,914 shares in the last quarter.
UBS Group AG takes the trophy with an impressive increase of up to 21%. The firm now owns a whopping total of 30,821 shares at a value of $1,222,000 after buying an additional amount of approximately more than half-a-thousand shares (5,359). Finally, Oppenheimer Asset Management Inc. raised its holdings by 5.3%, owning a total number of 34,242 shares valued at $1,357,000.
What makes LRGE particularly attractive to these hedge funds? For starters, it opened at $49.41 on Friday and has maintained an average moving price between $47-$49 for some time now with fluctuations between both ends within that range over time.
Additionally LRGE boasts excellent financial stats with a market capitalization value of $135.88 million and a P/E ratio currently standing at around 28.48 which makes for impressive reading across all aspects.
All in all, it comes as no surprise that hedge funds are taking an interest in LRGE. Those wishing to follow these hedge funds’ lead and stake a claim on their own slice of the pie should study the recent 13F filings available on HoldingsChannel.com and monitor insider trades closely. However, potential investors should be mindful of the fact that stocks can carry risk and investing carries the possibility of loss.
