ALPS Disruptive Technologies ETF outpaces equity markets


The ALPS Disruptive Technologies ETF last week amid volatility outpaced the broader equity markets, handled by its Cloud Computing and Cyber Security themes. Fifteen new pure-play disruptive technology companies were attached to DTEC while 15 were removed. Some important additions include:

  • Zoom Video Communications (ZM, 1.28% weight*), which has been a powerhouse between the move to work-from-home (WFH), was added on to DTEC’s Cloud Computing theme. The cloud-based video conferencing contributor is up over 600% in 2020 and last week was up 13% amid arising COVID-19 cases that may result in new lockdowns.
  • The Clean Energy & Smart Grid theme in DTEC has been achieving steam among the pandemic. Sunrun Inc. (RUN, 1.17% weight*) which has gained close to 400% in 2020, and last week it was up over 9% after inking an agreement with California to construct solar projects on the state’s low-income housing that will rescue on energy costs for residents.
  • Livongo Health Inc (LVGO, 1.10% weight*) is a part of DTEC’s Healthcare Innovation theme, is up nearly 460% in 2020 and on last week rose 6% on confidence over its merger with Teledoc Health Inc (TDOC; not in DTEC*) that is anticipated to close in Q4. Under the global pandemic using rates for telehealth solutions is skyrocketing.
  • The Data & Analytics theme in DTEC, Datadog Inc (DDOG, 1.12% weight*) is up nearly 140% in 2020 and reunite over 5.5% last week after an Investor’s Business Daily (IBD) article mention the company’s disruptive software monitoring & analytics platform in IBD’s highest possible (99) mixed rating for growth companies.

The performance data quoted constitute a past performance. Past performance is no assurance of upcoming results so that shares, when justify may be valued more or less than their original cost. The investment return and principal value will change. The current performance may be higher or lower than the performance quoted. Performance is inclusive of reinvested distributions and capital gains.

ALPS Disruptive Technologies ETF Shares are not separately redeemable. In the secondary market, investors buy and sell shares of the ALPS Disruptive Technologies ETF. There are risks attached to investing in ETFs including the loss of money. Those companies which develop disruptive technologies may face legal, political, or regulatory challenges and such companies may also be revealed to risks applicable to industries or sectors. The ALPS Portfolio Solutions Distributor, Inc. is the distributor for the ALPS Disruptive Technologies ETF.


Please enter your comment!
Please enter your name here