Alliancebernstein L.P. Purchases 171,629 Shares of AB US Low Volatility Equity ETF (NYSEARCA:LOWV)

Alliancebernstein L.P. increased its position in AB US Low Volatility Equity ETF (NYSEARCA:LOWV) by 28.6% in the 4th quarter, Holdings Channel reports. The firm owned 771,575 shares of the company’s stock after buying an additional 171,629 shares during the quarter. Alliancebernstein L.P. owned about 1.10% of AB US Low Volatility Equity ETF worth $54,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in AB US Low Volatility Equity ETF during the fourth quarter valued at approximately $63,000. Envestnet Portfolio Solutions Inc. acquired a new stake in AB US Low Volatility Equity ETF in the 4th quarter valued at $203,000. TIAA Trust National Association bought a new stake in AB US Low Volatility Equity ETF in the fourth quarter valued at $773,000. LPL Financial LLC bought a new stake in AB US Low Volatility Equity ETF in the fourth quarter valued at $7,837,000. Finally, Wagner Wealth Management LLC raised its stake in AB US Low Volatility Equity ETF by 8.5% during the fourth quarter. Wagner Wealth Management LLC now owns 123,369 shares of the company’s stock worth $8,687,000 after acquiring an additional 9,704 shares in the last quarter.

AB US Low Volatility Equity ETF Stock Performance

Shares of NYSEARCA LOWV opened at $64.42 on Friday. The business has a fifty day moving average of $71.22 and a two-hundred day moving average of $71.08. AB US Low Volatility Equity ETF has a 52-week low of $61.51 and a 52-week high of $73.26. The stock has a market cap of $90.83 million, a PE ratio of 26.49 and a beta of 0.73.

About AB US Low Volatility Equity ETF

The AB US Low Volatility Equity ETF (LOWV) is an exchange-traded fund that mostly invests in total market equity. The fund is a portfolio of large- and mid-cap US stocks, actively managed to pursue lower volatility than the broader market. The selection and weighting of holdings is based on the Issuers fundamental and quantitative research.