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

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $25.41 and last traded at $25.41, with a volume of 1990 shares trading hands. The stock had previously closed at $25.52.

ALPS | Smith Core Plus Bond ETF Stock Down 0.2%

The firm has a fifty day simple moving average of $25.66 and a 200-day simple moving average of $25.87.

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

Several institutional investors and hedge funds have recently modified their holdings of SMTH. Johnson Financial Group Inc. acquired a new stake in ALPS | Smith Core Plus Bond ETF during the 1st quarter worth approximately $54,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of ALPS | Smith Core Plus Bond ETF in the fourth quarter valued at approximately $77,000. Comerica Bank boosted its holdings in shares of ALPS | Smith Core Plus Bond ETF by 6.5% in the fourth quarter. Comerica Bank now owns 7,486 shares of the company’s stock valued at $195,000 after buying an additional 456 shares during the period. Fifth Third Bancorp bought a new stake in shares of ALPS | Smith Core Plus Bond ETF during the first quarter worth $193,000. Finally, Osaic Holdings Inc. increased its position in shares of ALPS | Smith Core Plus Bond ETF by 64.8% during the second quarter. Osaic Holdings Inc. now owns 7,528 shares of the company’s stock worth $195,000 after acquiring an additional 2,961 shares in the last quarter.

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.