Update: ALPS Medical Breakthroughs ETF Running +12%

Research Notes November 2025 > https://www.unum.capital/post/rnov2025

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Previous Post (09 October) BUY IDEA: The ALPS Medical Breakthroughs ETF (SBIO) provides exposure to small- and mid-cap stocks of biotechnology companies that have one or more drugs in either Phase II or Phase III of the US Food and Drug Administration clinical trials. Constituents must have a market capitalization of no less than $200 million and no more than $5 billion.

Buy: $40.89 (or better/lower)

Stop-loss: $36.20

Target: $50.00, $54.00

Lester Davids

Senior Investment Analyst: Unum Capital