ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Sees Strong Trading Volume – Still a Buy?

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) shares saw strong trading volume on Monday . Approximately 12,489,827 shares were traded during trading, an increase of 3,465% from the previous session’s volume of 350,351 shares.The stock last traded at $25.0360 and had previously closed at $25.03.

ALPS | Smith Core Plus Bond ETF Price Performance

The stock’s 50-day moving average price is $25.36 and its 200 day moving average price is $25.65.

Hedge Funds Weigh In On ALPS | Smith Core Plus Bond ETF

A number of institutional investors have recently bought and sold shares of the company. Tidal Investments LLC lifted its holdings in ALPS | Smith Core Plus Bond ETF by 9.9% in the second quarter. Tidal Investments LLC now owns 66,900 shares of the company’s stock valued at $1,722,000 after acquiring an additional 6,030 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in ALPS | Smith Core Plus Bond ETF in the second quarter valued at $55,000. Citadel Advisors LLC raised its position in ALPS | Smith Core Plus Bond ETF by 2.3% in the second quarter. Citadel Advisors LLC now owns 96,686 shares of the company’s stock valued at $2,489,000 after purchasing an additional 2,139 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of ALPS | Smith Core Plus Bond ETF by 59.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 24,278 shares of the company’s stock valued at $625,000 after purchasing an additional 9,091 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new position in shares of ALPS | Smith Core Plus Bond ETF in the 2nd quarter valued at $529,000.

About ALPS | Smith Core Plus Bond ETF

The ALPS/SMITH Core Plus Bond ETF (SMTH) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that provides exposure to global debt securities of any maturity and credit quality. The fund aims for an above-average total return. SMTH was launched on Dec 5, 2023 and is issued by SS&C.