Envestnet Portfolio Solutions Inc. Acquires New Stake in AB US Low Volatility Equity ETF (NYSEARCA:LOWV)

Envestnet Portfolio Solutions Inc. bought a new stake in AB US Low Volatility Equity ETF (NYSEARCA:LOWV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,887 shares of the company’s stock, valued at approximately $203,000. Envestnet Portfolio Solutions Inc. owned about 0.41% of AB US Low Volatility Equity ETF at the end of the most recent quarter.

Separately, Wagner Wealth Management LLC lifted its stake in shares of AB US Low Volatility Equity ETF by 8.5% during the 4th quarter. Wagner Wealth Management LLC now owns 123,369 shares of the company’s stock worth $8,687,000 after purchasing an additional 9,704 shares during the period.

AB US Low Volatility Equity ETF Stock Down 1.2 %

Shares of NYSEARCA:LOWV opened at $69.76 on Friday. The company has a market cap of $88.60 million, a P/E ratio of 25.69 and a beta of 0.73. The business has a fifty day simple moving average of $71.58 and a 200-day simple moving average of $71.10. AB US Low Volatility Equity ETF has a 52 week low of $61.51 and a 52 week high of $73.26.

AB US Low Volatility Equity ETF Profile

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.