159,148 Shares in Lufax Holding Ltd (NYSE:LU) Acquired by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in Lufax Holding Ltd (NYSE:LU) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 159,148 shares of the company’s stock, valued at approximately $380,000.

A number of other institutional investors have also recently made changes to their positions in LU. Mirae Asset Global Investments Co. Ltd. raised its holdings in Lufax by 102.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company’s stock valued at $40,000 after buying an additional 8,382 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Lufax by 230.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 17,282 shares of the company’s stock valued at $41,000 after acquiring an additional 12,048 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Lufax by 43.6% during the fourth quarter. Corient Private Wealth LLC now owns 21,218 shares of the company’s stock valued at $51,000 after acquiring an additional 6,445 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Lufax by 24.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company’s stock worth $79,000 after purchasing an additional 6,422 shares during the period. Finally, Amundi increased its holdings in Lufax by 32.7% during the 4th quarter. Amundi now owns 54,987 shares of the company’s stock valued at $133,000 after purchasing an additional 13,547 shares during the period. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Lufax Price Performance

LU opened at $2.47 on Tuesday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -3.21 and a beta of 0.71. Lufax Holding Ltd has a one year low of $2.00 and a one year high of $4.94. The business has a 50 day simple moving average of $2.89 and a two-hundred day simple moving average of $2.75.

About Lufax

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.