Stifel Financial Corp Cuts Stock Position in ALPS Disruptive Technologies ETF (NYSEARCA:DTEC)

Stifel Financial Corp lessened its stake in ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) by 42.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,954 shares of the company’s stock after selling 3,724 shares during the quarter. Stifel Financial Corp owned approximately 0.21% of ALPS Disruptive Technologies ETF worth $219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DTEC. Creative Planning purchased a new position in ALPS Disruptive Technologies ETF in the third quarter worth about $206,000. Heritage Wealth Management Inc. purchased a new stake in ALPS Disruptive Technologies ETF during the 2nd quarter worth approximately $210,000. Townsquare Capital LLC acquired a new position in shares of ALPS Disruptive Technologies ETF in the 3rd quarter valued at $236,000. Tradition Wealth Management LLC boosted its holdings in shares of ALPS Disruptive Technologies ETF by 0.8% in the 3rd quarter. Tradition Wealth Management LLC now owns 44,020 shares of the company’s stock valued at $1,950,000 after acquiring an additional 334 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in ALPS Disruptive Technologies ETF by 5.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 54,268 shares of the company’s stock worth $2,236,000 after purchasing an additional 2,746 shares during the period.

ALPS Disruptive Technologies ETF Trading Down 1.1 %

Shares of DTEC stock opened at $46.16 on Monday. The stock has a 50 day moving average of $45.62 and a 200 day moving average of $43.42. The stock has a market cap of $108.48 million, a P/E ratio of 35.78 and a beta of 1.24. ALPS Disruptive Technologies ETF has a twelve month low of $38.39 and a twelve month high of $48.07.

About ALPS Disruptive Technologies ETF

The ALPS Disruptive Technologies ETF (DTEC) is an exchange-traded fund that is based on the Indxx Disruptive Technologies index. The fund tracks an index of 100 global companies that are involved in disruptive technologies across 10 themes. DTEC was launched on Dec 29, 2017 and is managed by ALPS.