ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Sees Large Volume Increase – What’s Next?

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) saw an uptick in trading volume on Wednesday . 2,585,581 shares changed hands during trading, an increase of 830% from the previous session’s volume of 277,906 shares.The stock last traded at $25.59 and had previously closed at $25.62.

ALPS | Smith Core Plus Bond ETF Price Performance

The firm has a 50-day simple moving average of $25.54 and a 200 day simple moving average of $25.92.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors LLC boosted its stake in ALPS | Smith Core Plus Bond ETF by 0.7% during the third quarter. World Investment Advisors LLC now owns 265,971 shares of the company’s stock worth $7,032,000 after buying an additional 1,746 shares in the last quarter. Assetmark Inc. acquired a new position in shares of ALPS | Smith Core Plus Bond ETF in the 3rd quarter valued at $60,000. Comerica Bank bought a new position in ALPS | Smith Core Plus Bond ETF during the 4th quarter worth approximately $82,000. JPMorgan Chase & Co. bought a new position in ALPS | Smith Core Plus Bond ETF in the fourth quarter valued at approximately $115,000. Finally, Triumph Capital Management boosted its stake in ALPS | Smith Core Plus Bond ETF by 8.2% in the 4th quarter. Triumph Capital Management now owns 75,578 shares of the company’s stock worth $1,929,000 after purchasing an additional 5,702 shares during the period.

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.