State Street Corp Buys 68,056 Shares of Lightwave Logic, Inc. (NASDAQ:LWLG)

State Street Corp raised its position in shares of Lightwave Logic, Inc. (NASDAQ:LWLG) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,683,519 shares of the company’s stock after acquiring an additional 68,056 shares during the period. State Street Corp owned approximately 2.19% of Lightwave Logic worth $7,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC bought a new stake in Lightwave Logic in the 2nd quarter valued at $31,000. Algert Global LLC acquired a new position in shares of Lightwave Logic in the second quarter valued at about $36,000. Daiwa Securities Group Inc. bought a new position in Lightwave Logic during the second quarter worth about $37,000. Madison Wealth Partners Inc acquired a new stake in Lightwave Logic in the 2nd quarter worth about $46,000. Finally, Creative Planning bought a new stake in Lightwave Logic in the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 27.04% of the company’s stock.

Lightwave Logic Trading Down 3.3 %

Shares of LWLG opened at $2.05 on Friday. Lightwave Logic, Inc. has a 12 month low of $1.75 and a 12 month high of $5.62. The firm’s 50 day moving average is $2.88 and its 200-day moving average is $2.97. The stock has a market capitalization of $250.86 million, a PE ratio of -11.39 and a beta of 1.95.

About Lightwave Logic

Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.