Principle Wealth Partners LLC Reduces Holdings in ALPS Smith Core Plus Bond ETF (NYSEARCA:SMTH)

Principle Wealth Partners LLC reduced its position in ALPS Smith Core Plus Bond ETF (NYSEARCA:SMTH) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,082,578 shares of the company’s stock after selling 75,019 shares during the quarter. ALPS Smith Core Plus Bond ETF accounts for approximately 1.9% of Principle Wealth Partners LLC’s investment portfolio, making the stock its 10th largest holding. Principle Wealth Partners LLC owned approximately 3.92% of ALPS Smith Core Plus Bond ETF worth $27,627,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Stratos Investment Management LLC boosted its stake in ALPS Smith Core Plus Bond ETF by 9.0% in the third quarter. Stratos Investment Management LLC now owns 1,969,650 shares of the company’s stock valued at $52,078,000 after acquiring an additional 163,277 shares in the last quarter. NorthCrest Asset Manangement LLC raised its stake in shares of ALPS Smith Core Plus Bond ETF by 67.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 34,512 shares of the company’s stock worth $912,000 after purchasing an additional 13,917 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in ALPS Smith Core Plus Bond ETF by 20.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 26,862,866 shares of the company’s stock valued at $710,254,000 after acquiring an additional 4,607,593 shares during the period. Assetmark Inc. acquired a new position in ALPS Smith Core Plus Bond ETF during the third quarter valued at $60,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of ALPS Smith Core Plus Bond ETF in the third quarter worth about $723,000.

ALPS Smith Core Plus Bond ETF Price Performance

Shares of NYSEARCA SMTH opened at $25.65 on Tuesday. The firm’s 50 day simple moving average is $25.59 and its 200-day simple moving average is $25.94. ALPS Smith Core Plus Bond ETF has a 12 month low of $24.92 and a 12 month high of $26.71.

ALPS Smith Core Plus Bond ETF 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.