ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) Hits New 12-Month Low – Time to Sell?

ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $25.25 and last traded at $25.25, with a volume of 143473 shares trading hands. The stock had previously closed at $25.33.

ALPS | Smith Core Plus Bond ETF Stock Performance

The firm has a fifty day simple moving average of $25.62 and a two-hundred day simple moving average of $25.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SMTH. Johnson Financial Group Inc. purchased a new position in shares of ALPS | Smith Core Plus Bond ETF in the first quarter valued at $54,000. Northwestern Mutual Wealth Management Co. purchased a new stake in ALPS | Smith Core Plus Bond ETF during the fourth quarter valued at $77,000. Fifth Third Bancorp bought a new position in ALPS | Smith Core Plus Bond ETF during the first quarter valued at $193,000. Comerica Bank lifted its position in ALPS | Smith Core Plus Bond ETF by 6.5% during 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 last quarter. Finally, Osaic Holdings Inc. lifted its position in ALPS | Smith Core Plus Bond ETF by 64.8% during the second quarter. Osaic Holdings Inc. now owns 7,528 shares of the company’s stock valued at $195,000 after purchasing an additional 2,961 shares during the last quarter.

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.