Silver Oak Securities Incorporated Makes New $677,000 Investment in ALPS Medical Breakthroughs ETF $SBIO

Silver Oak Securities Incorporated acquired a new stake in shares of ALPS Medical Breakthroughs ETF (NYSEARCA:SBIO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,335 shares of the company’s stock, valued at approximately $677,000. Silver Oak Securities Incorporated owned approximately 0.54% of ALPS Medical Breakthroughs ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of ALPS Medical Breakthroughs ETF in the first quarter worth approximately $782,000. Virtu Financial LLC purchased a new stake in shares of ALPS Medical Breakthroughs ETF in the 3rd quarter valued at approximately $650,000. Raymond James Financial Inc. purchased a new stake in shares of ALPS Medical Breakthroughs ETF in the 2nd quarter valued at approximately $82,000. Comerica Bank acquired a new position in ALPS Medical Breakthroughs ETF in the 3rd quarter worth approximately $27,000. Finally, Fulcrum Equity Management acquired a new position in ALPS Medical Breakthroughs ETF in the 4th quarter worth approximately $384,000.

ALPS Medical Breakthroughs ETF Trading Up 1.0%

NYSEARCA SBIO opened at $52.86 on Thursday. The firm’s 50 day moving average price is $50.84 and its two-hundred day moving average price is $47.66. ALPS Medical Breakthroughs ETF has a twelve month low of $22.33 and a twelve month high of $54.79.

ALPS Medical Breakthroughs ETF 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.