StoneCrest Wealth Management Inc. Decreases Holdings in AB Disruptors ETF $FWD

StoneCrest Wealth Management Inc. reduced its holdings in shares of AB Disruptors ETF (NYSEARCA:FWD) by 9.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 48,751 shares of the company’s stock after selling 4,982 shares during the quarter. AB Disruptors ETF accounts for approximately 2.3% of StoneCrest Wealth Management Inc.’s investment portfolio, making the stock its 16th biggest holding. StoneCrest Wealth Management Inc.’s holdings in AB Disruptors ETF were worth $7,221,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of America Corp DE lifted its stake 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 purchasing an additional 733,051 shares during the last quarter. LPL Financial LLC increased its stake in AB Disruptors ETF by 35.8% in the fourth quarter. LPL Financial LLC now owns 513,283 shares of the company’s stock valued at $53,592,000 after purchasing an additional 135,289 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in AB Disruptors ETF by 31.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 352,922 shares of the company’s stock worth $36,849,000 after purchasing an additional 85,449 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in AB Disruptors ETF by 538.4% during the first quarter. Bleakley Financial Group LLC now owns 239,818 shares of the company’s stock worth $26,035,000 after purchasing an additional 202,255 shares in the last quarter. Finally, KPP Advisory Services LLC lifted its position in shares of AB Disruptors ETF by 50.4% during the 1st quarter. KPP Advisory Services LLC now owns 73,387 shares of the company’s stock worth $7,967,000 after buying an additional 24,602 shares during the last quarter.

AB Disruptors ETF Stock Performance

Shares of AB Disruptors ETF stock opened at $132.43 on Monday. The company has a fifty day simple moving average of $136.41 and a 200-day simple moving average of $125.37. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 41.03 and a beta of 1.60. AB Disruptors ETF has a 12-month low of $88.94 and a 12-month high of $149.57.

About AB Disruptors ETF

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.