ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Hits New 12-Month Low – Should You Sell?

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) shares reached a new 52-week low during trading on Wednesday. The company traded as low as $24.90 and last traded at $24.8950, with a volume of 12378 shares trading hands. The stock had previously closed at $25.04.

ALPS | Smith Core Plus Bond ETF Stock Performance

The stock has a 50-day simple moving average of $25.27 and a two-hundred day simple moving average of $25.58.

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

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