Cetera Investment Advisers Raises Position in ALPS Disruptive Technologies ETF (NYSEARCA:DTEC)

Cetera Investment Advisers raised its stake in shares of ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,570 shares of the company’s stock after purchasing an additional 11,907 shares during the period. Cetera Investment Advisers owned 5.13% of ALPS Disruptive Technologies ETF worth $5,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DTEC. Wealth Enhancement Advisory Services LLC purchased a new stake in ALPS Disruptive Technologies ETF during the fourth quarter valued at approximately $296,000. GPS Wealth Strategies Group LLC raised its position in ALPS Disruptive Technologies ETF by 63.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,444 shares of the company’s stock valued at $65,000 after purchasing an additional 559 shares during the period. Sincerus Advisory LLC purchased a new stake in ALPS Disruptive Technologies ETF during the fourth quarter valued at approximately $328,000. Raymond James Financial Inc. bought a new position in shares of ALPS Disruptive Technologies ETF during the fourth quarter valued at approximately $1,554,000. Finally, Stifel Financial Corp grew its stake in shares of ALPS Disruptive Technologies ETF by 4.5% during the fourth quarter. Stifel Financial Corp now owns 5,179 shares of the company’s stock valued at $235,000 after buying an additional 225 shares during the last quarter.

ALPS Disruptive Technologies ETF Stock Performance

DTEC opened at $47.68 on Wednesday. The stock has a market cap of $88.21 million, a price-to-earnings ratio of 28.66 and a beta of 1.17. The stock’s 50 day moving average price is $43.42 and its 200-day moving average price is $45.35. ALPS Disruptive Technologies ETF has a one year low of $37.11 and a one year high of $48.72.

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.