Riverbend Wealth Management LLC Purchases New Position in ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH)

Riverbend Wealth Management LLC acquired a new position in ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 106,830 shares of the company’s stock, valued at approximately $2,727,000. ALPS | Smith Core Plus Bond ETF makes up about 2.4% of Riverbend Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Riverbend Wealth Management LLC owned about 0.39% of ALPS | Smith Core Plus Bond ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Annex Advisory Services LLC lifted its stake in shares of ALPS | Smith Core Plus Bond ETF by 81.9% in the 4th quarter. Annex Advisory Services LLC now owns 2,966,770 shares of the company’s stock valued at $75,712,000 after purchasing an additional 1,335,444 shares during the period. Prasad Wealth Partners LLC acquired a new position in shares of ALPS | Smith Core Plus Bond ETF in the fourth quarter worth about $12,450,000. Strategic Financial Concepts LLC purchased a new stake in shares of ALPS | Smith Core Plus Bond ETF during the 4th quarter worth about $51,000. Spectrum Investment Advisors Inc. acquired a new stake in shares of ALPS | Smith Core Plus Bond ETF during the 4th quarter valued at about $4,126,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of ALPS | Smith Core Plus Bond ETF in the 3rd quarter valued at about $995,000.

ALPS | Smith Core Plus Bond ETF Stock Up 0.3 %

NYSEARCA SMTH opened at $25.95 on Tuesday. The stock has a 50-day moving average of $25.61 and a 200 day moving average of $25.89. ALPS | Smith Core Plus Bond ETF has a twelve month low of $24.92 and a twelve month high of $26.71.

ALPS | Smith Core Plus Bond ETF Company Profile

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.