PMG Wealth Management Inc. Takes Position in AB Disruptors ETF $FWD

PMG Wealth Management Inc. acquired a new position in shares of AB Disruptors ETF (NYSEARCA:FWD) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 60,469 shares of the company’s stock, valued at approximately $6,565,000. AB Disruptors ETF comprises approximately 4.7% of PMG Wealth Management Inc.’s portfolio, making the stock its 9th biggest holding.

A number of other hedge funds have also modified their holdings of FWD. Harbour Investments Inc. acquired a new stake in shares of AB Disruptors ETF during the fourth quarter worth $48,000. Kestra Advisory Services LLC purchased a new stake in shares of AB Disruptors ETF during the fourth quarter valued at $110,000. Private Trust Co. NA boosted its position in shares of AB Disruptors ETF by 19,500.0% in the 4th quarter. Private Trust Co. NA now owns 1,176 shares of the company’s stock valued at $123,000 after purchasing an additional 1,170 shares during the period. Royal Bank of Canada purchased a new position in AB Disruptors ETF in the 4th quarter worth about $128,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in AB Disruptors ETF during the 4th quarter worth about $219,000.

AB Disruptors ETF Trading Down 4.9%

NYSEARCA FWD opened at $141.57 on Wednesday. AB Disruptors ETF has a 1 year low of $86.03 and a 1 year high of $149.57. The company has a market cap of $2.66 billion, a PE ratio of 41.03 and a beta of 1.57. The stock’s 50-day moving average price is $134.66 and its two-hundred day moving average price is $119.36.

AB Disruptors ETF 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.