SFG Wealth Management LLC. Invests $2.57 Million in AB Disruptors ETF $FWD

SFG Wealth Management LLC. purchased a new stake in AB Disruptors ETF (NYSEARCA:FWD) in the second quarter, Holdings Channel.com reports. The fund purchased 17,340 shares of the company’s stock, valued at approximately $2,568,000. AB Disruptors ETF accounts for approximately 0.9% of SFG Wealth Management LLC.’s portfolio, making the stock its 17th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in FWD. Bank of America Corp DE grew its position in AB Disruptors ETF by 265.7% during the first quarter. Bank of America Corp DE now owns 1,008,993 shares of the company’s stock worth $109,536,000 after buying an additional 733,051 shares during the period. Bleakley Financial Group LLC lifted its position in shares of AB Disruptors ETF by 538.4% during the 1st quarter. Bleakley Financial Group LLC now owns 239,818 shares of the company’s stock valued at $26,035,000 after acquiring an additional 202,255 shares during the period. LPL Financial LLC lifted its position in shares of AB Disruptors ETF by 35.8% during the 4th quarter. LPL Financial LLC now owns 513,283 shares of the company’s stock valued at $53,592,000 after acquiring an additional 135,289 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of AB Disruptors ETF by 31.9% during the 4th quarter. Integrated Wealth Concepts LLC now owns 352,922 shares of the company’s stock valued at $36,849,000 after acquiring an additional 85,449 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of AB Disruptors ETF during the 2nd quarter worth approximately $9,523,000.

AB Disruptors ETF Price Performance

FWD opened at $128.72 on Friday. The stock has a market cap of $3.02 billion, a P/E ratio of 41.03 and a beta of 1.60. The stock’s 50 day simple moving average is $131.72 and its 200 day simple moving average is $127.68. AB Disruptors ETF has a 1-year low of $92.34 and a 1-year high of $149.57.

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.