Northwestern Mutual Wealth Management Co. Grows Stake in ALPS Disruptive Technologies ETF $DTEC

Northwestern Mutual Wealth Management Co. grew its position in ALPS Disruptive Technologies ETF (NYSEARCA:DTEC) by 28,696.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,400 shares of the company’s stock after purchasing an additional 69,159 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 4.16% of ALPS Disruptive Technologies ETF worth $3,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new stake in shares of ALPS Disruptive Technologies ETF during the fourth quarter worth $25,000. JPMorgan Chase & Co. acquired a new stake in shares of ALPS Disruptive Technologies ETF during the third quarter worth $110,000. Lido Advisors LLC acquired a new stake in shares of ALPS Disruptive Technologies ETF during the third quarter worth $205,000. Creative Planning acquired a new stake in shares of ALPS Disruptive Technologies ETF during the third quarter worth $227,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of ALPS Disruptive Technologies ETF by 15.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 5,322 shares of the company’s stock worth $272,000 after buying an additional 722 shares during the period.

ALPS Disruptive Technologies ETF Stock Performance

NYSEARCA:DTEC opened at $48.73 on Monday. ALPS Disruptive Technologies ETF has a 12 month low of $41.99 and a 12 month high of $52.97. The firm has a fifty day simple moving average of $45.20 and a 200-day simple moving average of $47.05. The company has a market capitalization of $73.10 million, a P/E ratio of 29.18 and a beta of 1.13.

ALPS Disruptive Technologies ETF Company Profile

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.