Wellington Management Group LLP Invests $380,000 in Lufax Holding Ltd (NYSE:LU)

Wellington Management Group LLP purchased a new position in Lufax Holding Ltd (NYSE:LU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 159,148 shares of the company's stock, valued at approximately $380,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. raised its holdings in Lufax by 0.3% during the fourth quarter. Baillie Gifford & Co. now owns 14,667,069 shares of the company's stock worth $35,054,000 after buying an additional 49,964 shares during the last quarter. Vanguard Group Inc. lifted its position in Lufax by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 7,143,366 shares of the company's stock valued at $17,073,000 after acquiring an additional 70,181 shares in the last quarter. State Street Corp boosted its stake in Lufax by 3.2% during the 3rd quarter. State Street Corp now owns 4,960,609 shares of the company's stock valued at $17,313,000 after purchasing an additional 155,006 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Lufax by 35.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,205,838 shares of the company's stock worth $10,052,000 after purchasing an additional 1,102,943 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Lufax in the fourth quarter valued at approximately $5,436,000. 69.14% of the stock is owned by institutional investors.

Lufax Trading Down 3.1 %

Lufax stock traded down $0.08 during trading on Friday, hitting $2.36. 4,723,497 shares of the company were exchanged, compared to its average volume of 3,550,622. The business's 50 day moving average is $2.88 and its 200 day moving average is $2.74. Lufax Holding Ltd has a 52 week low of $2.00 and a 52 week high of $4.94. The company has a market capitalization of $2.04 billion, a P/E ratio of -3.06 and a beta of 0.71.

Lufax Profile

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.