ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Hits New 12-Month Low – Here’s What Happened

Shares of ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) reached a new 52-week low during trading on Wednesday . The company traded as low as $25.19 and last traded at $25.1940, with a volume of 49625 shares traded. The stock had previously closed at $25.27.

ALPS | Smith Core Plus Bond ETF Stock Performance

The firm’s 50-day moving average is $25.40 and its two-hundred day moving average is $25.67.

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

A number of hedge funds have recently made changes to their positions in the company. Trilogy Capital Inc. raised its holdings in ALPS | Smith Core Plus Bond ETF by 115.3% in the 2nd quarter. Trilogy Capital Inc. now owns 4,184,387 shares of the company’s stock valued at $107,706,000 after acquiring an additional 2,241,175 shares during the last quarter. Hamilton Wealth LLC grew its holdings in ALPS | Smith Core Plus Bond ETF by 98.4% in the 1st quarter. Hamilton Wealth LLC now owns 2,653,258 shares of the company’s stock valued at $68,335,000 after buying an additional 1,315,762 shares in the last quarter. Annex Advisory Services LLC raised its holdings in shares of ALPS | Smith Core Plus Bond ETF by 14.6% during the 2nd quarter. Annex Advisory Services LLC now owns 9,237,012 shares of the company’s stock worth $237,761,000 after acquiring an additional 1,179,599 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of ALPS | Smith Core Plus Bond ETF by 81.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,259,837 shares of the company’s stock valued at $32,887,000 after purchasing an additional 565,289 shares during the period. Finally, Tenzing Financial LLC purchased a new position in ALPS | Smith Core Plus Bond ETF during the fourth quarter worth about $6,432,000.

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.