ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Sets New 1-Year Low – Here’s Why

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTHGet Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $24.90 and last traded at $24.8950, with a volume of 12378 shares traded. The stock had previously closed at $25.04.

ALPS | Smith Core Plus Bond ETF Stock Down 1.0%

The company’s fifty day simple moving average is $25.30 and its 200-day simple moving average is $25.60.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Johnson Financial Group Inc. acquired a new stake in ALPS | Smith Core Plus Bond ETF during the 1st quarter valued at approximately $54,000. Citadel Advisors LLC grew its position in shares of 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. Integrated Wealth Concepts LLC purchased a new position in shares of ALPS | Smith Core Plus Bond ETF in the second quarter valued at approximately $55,000. Gallacher Capital Management LLC raised its position in shares of ALPS | Smith Core Plus Bond ETF by 1.3% in the first quarter. Gallacher Capital Management LLC now owns 379,430 shares of the company’s stock valued at $9,772,000 after buying an additional 5,031 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of ALPS | Smith Core Plus Bond ETF by 9.9% during the 2nd quarter. Tidal Investments LLC now owns 66,900 shares of the company’s stock worth $1,722,000 after purchasing an additional 6,030 shares during the last quarter.

About ALPS | Smith Core Plus Bond ETF

(Get Free Report)

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.

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