Horizon Wealth Management LLC Acquires New Shares in AB Disruptors ETF $FWD

Horizon Wealth Management LLC acquired a new stake in AB Disruptors ETF (NYSEARCA:FWD) in the 3rd quarter, Holdings Channel reports. The firm acquired 139,510 shares of the company’s stock, valued at approximately $18,361,000. AB Disruptors ETF accounts for approximately 2.3% of Horizon Wealth Management LLC’s holdings, making the stock its 17th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE boosted 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 purchasing an additional 733,051 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in AB Disruptors ETF by 538.4% in the first quarter. Bleakley Financial Group LLC now owns 239,818 shares of the company’s stock valued at $26,035,000 after purchasing an additional 202,255 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in AB Disruptors ETF by 233.1% in the second quarter. Envestnet Asset Management Inc. now owns 157,322 shares of the company’s stock valued at $23,303,000 after purchasing an additional 110,093 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in AB Disruptors ETF in the second quarter valued at $9,523,000. Finally, Integrated Wealth Concepts LLC increased its position in shares of AB Disruptors ETF by 10.8% in the second quarter. Integrated Wealth Concepts LLC now owns 473,735 shares of the company’s stock valued at $70,170,000 after buying an additional 46,351 shares in the last quarter.

AB Disruptors ETF Stock Down 7.4%

Shares of FWD stock opened at $108.18 on Friday. The stock has a market cap of $2.86 billion, a P/E ratio of 41.03 and a beta of 1.62. AB Disruptors ETF has a fifty-two week low of $95.53 and a fifty-two week high of $149.57. The business has a fifty day simple moving average of $127.32 and a 200-day simple moving average of $126.18.

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.