ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Sets New 1-Year Low – Should You Sell?

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTHGet Free Report)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $25.25 and last traded at $25.28, with a volume of 4953 shares traded. The stock had previously closed at $25.39.

ALPS | Smith Core Plus Bond ETF Price Performance

The stock’s 50 day moving average is $25.49 and its two-hundred day moving average is $25.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in ALPS | Smith Core Plus Bond ETF by 42.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,559 shares of the company’s stock valued at $299,000 after purchasing an additional 3,452 shares during the last quarter. Main Street Financial Solutions LLC bought a new position in ALPS | Smith Core Plus Bond ETF in the second quarter valued at about $1,889,000. Raymond James Financial Inc. boosted its stake in shares of ALPS | Smith Core Plus Bond ETF by 18.3% in the 2nd quarter. Raymond James Financial Inc. now owns 125,478 shares of the company’s stock valued at $3,244,000 after purchasing an additional 19,407 shares during the last quarter. Osaic Holdings Inc. boosted its stake in ALPS | Smith Core Plus Bond ETF by 64.8% in the second quarter. Osaic Holdings Inc. now owns 7,528 shares of the company’s stock valued at $195,000 after acquiring an additional 2,961 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in shares of ALPS | Smith Core Plus Bond ETF by 239.0% during the 3rd quarter. Citadel Advisors LLC now owns 180,660 shares of the company’s stock valued at $4,726,000 after acquiring an additional 127,367 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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