Wagner Wealth Management LLC Grows Holdings in AB US Low Volatility Equity ETF $LOWV

Wagner Wealth Management LLC boosted its stake in AB US Low Volatility Equity ETF (NYSEARCA:LOWV) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,695 shares of the company’s stock after acquiring an additional 9,851 shares during the period. AB US Low Volatility Equity ETF accounts for about 2.4% of Wagner Wealth Management LLC’s holdings, making the stock its 14th biggest position. Wagner Wealth Management LLC owned about 8.24% of AB US Low Volatility Equity ETF worth $10,643,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its position in AB US Low Volatility Equity ETF by 19.5% in the first quarter. Alliancebernstein L.P. now owns 922,285 shares of the company’s stock worth $64,329,000 after acquiring an additional 150,710 shares during the period. LPL Financial LLC raised its position in AB US Low Volatility Equity ETF by 6.2% in the first quarter. LPL Financial LLC now owns 118,153 shares of the company’s stock worth $8,241,000 after acquiring an additional 6,856 shares during the period. Intrepid Financial Planning Group LLC bought a new stake in AB US Low Volatility Equity ETF in the first quarter worth about $7,120,000. GFG Capital LLC bought a new stake in AB US Low Volatility Equity ETF in the first quarter worth about $2,693,000. Finally, Envestnet Asset Management Inc. raised its position in AB US Low Volatility Equity ETF by 53.9% in the first quarter. Envestnet Asset Management Inc. now owns 8,481 shares of the company’s stock worth $592,000 after acquiring an additional 2,972 shares during the period.

AB US Low Volatility Equity ETF Stock Performance

Shares of LOWV stock opened at $78.14 on Friday. AB US Low Volatility Equity ETF has a 52 week low of $62.19 and a 52 week high of $78.65. The firm has a market cap of $132.84 million, a price-to-earnings ratio of 25.59 and a beta of 0.72. The firm’s 50-day simple moving average is $76.74 and its two-hundred day simple moving average is $73.11.

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.