Northwestern Mutual Wealth Management Co. Boosts Stock Position in AB Disruptors ETF $FWD

Northwestern Mutual Wealth Management Co. increased its stake in shares of AB Disruptors ETF (NYSEARCA:FWD) by 690.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,965 shares of the company’s stock after purchasing an additional 48,010 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.43% of AB Disruptors ETF worth $5,739,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its stake in AB Disruptors ETF by 34.1% in the 3rd quarter. Alliancebernstein L.P. now owns 7,577,104 shares of the company’s stock worth $766,727,000 after buying an additional 1,928,170 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in AB Disruptors ETF by 112.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 267,473 shares of the company’s stock worth $27,066,000 after buying an additional 141,553 shares during the last quarter. Bank of America Corp DE boosted its stake in AB Disruptors ETF by 97.1% in the 3rd quarter. Bank of America Corp DE now owns 217,865 shares of the company’s stock worth $22,046,000 after buying an additional 107,341 shares during the last quarter. Embree Financial Group boosted its stake in AB Disruptors ETF by 44.7% in the 4th quarter. Embree Financial Group now owns 93,035 shares of the company’s stock worth $9,714,000 after buying an additional 28,738 shares during the last quarter. Finally, Quantum Private Wealth LLC boosted its stake in AB Disruptors ETF by 2.3% in the 3rd quarter. Quantum Private Wealth LLC now owns 80,854 shares of the company’s stock worth $8,182,000 after buying an additional 1,842 shares during the last quarter.

AB Disruptors ETF Trading Down 0.3%

Shares of NYSEARCA:FWD opened at $146.29 on Thursday. The stock’s 50-day moving average price is $126.20 and its two-hundred day moving average price is $115.45. AB Disruptors ETF has a 12-month low of $82.79 and a 12-month high of $147.05. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 41.03 and a beta of 1.56.

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.