Sovereign Investment Advisors LLC Grows Stock Holdings in ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH)

Sovereign Investment Advisors LLC raised its position in shares of ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) by 50.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 376,719 shares of the company’s stock after buying an additional 125,979 shares during the quarter. ALPS | Smith Core Plus Bond ETF comprises about 2.9% of Sovereign Investment Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Sovereign Investment Advisors LLC owned approximately 1.36% of ALPS | Smith Core Plus Bond ETF worth $9,614,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SMTH. Annex Advisory Services LLC raised its position in shares of ALPS | Smith Core Plus Bond ETF by 81.9% in the 4th quarter. Annex Advisory Services LLC now owns 2,966,770 shares of the company’s stock valued at $75,712,000 after purchasing an additional 1,335,444 shares during the last quarter. Prasad Wealth Partners LLC purchased a new position in shares of ALPS | Smith Core Plus Bond ETF in the 4th quarter valued at approximately $12,450,000. Strategic Financial Concepts LLC purchased a new position in shares of ALPS | Smith Core Plus Bond ETF in the 4th quarter valued at approximately $51,000. Spectrum Investment Advisors Inc. purchased a new position in shares of ALPS | Smith Core Plus Bond ETF in the 4th quarter valued at approximately $4,126,000. Finally, Riverbend Wealth Management LLC purchased a new position in shares of ALPS | Smith Core Plus Bond ETF in the 4th quarter valued at approximately $2,727,000.

ALPS | Smith Core Plus Bond ETF Stock Down 0.1 %

Shares of ALPS | Smith Core Plus Bond ETF stock opened at $25.82 on Friday. The company has a 50 day moving average price of $25.64 and a 200 day moving average price of $25.88. ALPS | Smith Core Plus Bond ETF has a 52 week low of $24.92 and a 52 week high of $26.71.

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.