ALPS Medical Breakthroughs ETF (NYSEARCA:SBIO – Get Free Report) shares shot up 0.6% during trading on Thursday . The stock traded as high as $51.69 and last traded at $51.09. 65,323 shares traded hands during mid-day trading, an increase of 218% from the average session volume of 20,543 shares. The stock had previously closed at $50.81.
ALPS Medical Breakthroughs ETF Price Performance
The business has a 50-day moving average of $45.33 and a 200 day moving average of $37.49.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of SBIO. Strategic Financial Services Inc. grew its position in shares of ALPS Medical Breakthroughs ETF by 97.8% during the 2nd quarter. Strategic Financial Services Inc. now owns 38,032 shares of the company’s stock valued at $1,144,000 after acquiring an additional 18,807 shares during the period. Jones Financial Companies Lllp bought a new position in ALPS Medical Breakthroughs ETF in the 1st quarter valued at $782,000. Moran Wealth Management LLC boosted its stake in ALPS Medical Breakthroughs ETF by 72.2% during the third quarter. Moran Wealth Management LLC now owns 17,187 shares of the company’s stock valued at $668,000 after buying an additional 7,206 shares during the period. Virtu Financial LLC purchased a new stake in ALPS Medical Breakthroughs ETF in the third quarter valued at approximately $650,000. Finally, Sterling Investment Advisors Ltd. purchased a new position in ALPS Medical Breakthroughs ETF in the 3rd quarter worth approximately $315,000.
ALPS Medical Breakthroughs ETF Company Profile
The ALPS Medical Breakthroughs ETF (SBIO) is an exchange-traded fund that is based on the S-Network Medical Breakthroughs index. The fund tracks, a market-cap weighted index comprising US-listed biotech companies with one or more drugs currently in either Phase II or Phase III FDA clinical trials. SBIO was launched on Dec 31, 2014 and is managed by ALPS.
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