ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Sees Strong Trading Volume – Here’s Why

Shares of ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) saw strong trading volume on Friday . 704,331 shares traded hands during mid-day trading, an increase of 131% from the previous session’s volume of 304,787 shares.The stock last traded at $25.86 and had previously closed at $25.78.

ALPS | Smith Core Plus Bond ETF Price Performance

The company’s 50-day moving average price is $25.90 and its two-hundred day moving average price is $26.07.

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

Several large investors have recently modified their holdings of the stock. Comerica Bank raised its position in shares of ALPS | Smith Core Plus Bond ETF by 6.5% in the fourth quarter. Comerica Bank now owns 7,486 shares of the company’s stock valued at $195,000 after purchasing an additional 456 shares during the period. Kestra Advisory Services LLC increased its position in ALPS | Smith Core Plus Bond ETF by 6.8% during the fourth quarter. Kestra Advisory Services LLC now owns 16,589 shares of the company’s stock worth $432,000 after acquiring an additional 1,053 shares during the period. CoreCap Advisors LLC bought a new position in ALPS | Smith Core Plus Bond ETF during the third quarter worth about $41,000. Commonwealth Equity Services LLC increased its position in ALPS | Smith Core Plus Bond ETF by 7.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 22,422 shares of the company’s stock worth $585,000 after acquiring an additional 1,582 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in ALPS | Smith Core Plus Bond ETF during the first quarter worth about $54,000.

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.