Wealth Enhancement Advisory Services LLC Buys 3,155,004 Shares of ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) by 8.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,822,260 shares of the company’s stock after buying an additional 3,155,004 shares during the quarter. ALPS | Smith Core Plus Bond ETF makes up approximately 1.9% of Wealth Enhancement Advisory Services LLC’s portfolio, making the stock its 5th biggest position. Wealth Enhancement Advisory Services LLC owned 59.56% of ALPS | Smith Core Plus Bond ETF worth $1,004,914,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SMTH. NorthCrest Asset Manangement LLC lifted its stake in ALPS | Smith Core Plus Bond ETF by 174.0% in the first quarter. NorthCrest Asset Manangement LLC now owns 238,408 shares of the company’s stock worth $6,171,000 after acquiring an additional 151,393 shares during the last quarter. Traction Financial Partners LLC acquired a new stake in shares of ALPS | Smith Core Plus Bond ETF in the 1st quarter valued at $17,625,000. Annex Advisory Services LLC lifted its position in shares of ALPS | Smith Core Plus Bond ETF by 17.9% during the 1st quarter. Annex Advisory Services LLC now owns 3,496,658 shares of the company’s stock worth $90,511,000 after purchasing an additional 529,888 shares during the last quarter. Fermata Advisors LLC grew its stake in shares of ALPS | Smith Core Plus Bond ETF by 6.2% during the first quarter. Fermata Advisors LLC now owns 84,791 shares of the company’s stock worth $2,195,000 after purchasing an additional 4,952 shares in the last quarter. Finally, Nixon Peabody Trust Co. acquired a new position in shares of ALPS | Smith Core Plus Bond ETF during the first quarter worth $5,311,000.

ALPS | Smith Core Plus Bond ETF Stock Performance

ALPS | Smith Core Plus Bond ETF stock opened at $25.71 on Thursday. The stock’s fifty day moving average is $25.57 and its two-hundred day moving average is $25.65. ALPS | Smith Core Plus Bond ETF has a 1-year low of $25.15 and a 1-year 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.