ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Sets New 12-Month High – Here’s Why

Shares of ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) hit a new 52-week high on Wednesday . The company traded as high as $26.47 and last traded at $26.44, with a volume of 274479 shares traded. The stock had previously closed at $26.46.

ALPS | Smith Core Plus Bond ETF Trading Down 0.1%

The business has a 50-day moving average of $26.13 and a two-hundred day moving average of $25.82.

Institutional Investors Weigh In On ALPS | Smith Core Plus Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SMTH. Blue Trust Inc. bought a new stake in ALPS | Smith Core Plus Bond ETF during the 1st quarter worth $131,000. Riverbend Wealth Management LLC grew its position in ALPS | Smith Core Plus Bond ETF by 6.7% during the 1st quarter. Riverbend Wealth Management LLC now owns 113,955 shares of the company’s stock worth $2,950,000 after acquiring an additional 7,125 shares during the last quarter. G&S Capital LLC bought a new stake in shares of ALPS | Smith Core Plus Bond ETF in the 1st quarter valued at about $488,000. ABLE Financial Group LLC acquired a new stake in shares of ALPS | Smith Core Plus Bond ETF in the first quarter valued at about $280,000. Finally, Strategic Financial Concepts LLC increased its stake in shares of ALPS | Smith Core Plus Bond ETF by 14.8% in the first quarter. Strategic Financial Concepts LLC now owns 9,016 shares of the company’s stock valued at $233,000 after buying an additional 1,159 shares during the period.

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.