PMG Wealth Management Inc. Buys Shares of 60,469 AB Disruptors ETF $FWD

PMG Wealth Management Inc. purchased a new position in shares of AB Disruptors ETF (NYSEARCA:FWD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 60,469 shares of the company’s stock, valued at approximately $6,565,000. AB Disruptors ETF makes up about 4.7% of PMG Wealth Management Inc.’s holdings, making the stock its 9th biggest position. PMG Wealth Management Inc. owned about 0.33% of AB Disruptors ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Harbour Investments Inc. acquired a new stake in AB Disruptors ETF in the fourth quarter worth approximately $48,000. Kestra Advisory Services LLC bought a new stake in AB Disruptors ETF in the fourth quarter worth about $110,000. Private Trust Co. NA raised its position in AB Disruptors ETF by 19,500.0% in the fourth quarter. Private Trust Co. NA now owns 1,176 shares of the company’s stock worth $123,000 after acquiring an additional 1,170 shares in the last quarter. Royal Bank of Canada acquired a new stake in AB Disruptors ETF in the 4th quarter valued at about $128,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in AB Disruptors ETF in the 4th quarter valued at about $219,000.

AB Disruptors ETF Trading Down 4.9%

NYSEARCA:FWD opened at $141.57 on Wednesday. AB Disruptors ETF has a twelve month low of $86.03 and a twelve month high of $149.57. The company has a 50-day moving average of $134.66 and a 200-day moving average of $119.36. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 41.03 and a beta of 1.57.

AB Disruptors ETF Company Profile

The AB Disruptors ETF (FWD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of high growth stocks of companies considered to lead or benefit from societal innovations. Holdings may be of any capitalization, sector, industry, and geography. FWD was launched on Mar 22, 2023 and is managed by AllianceBernstein.