Traction Financial Partners LLC Makes New Investment in ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH)

Traction Financial Partners LLC bought a new position in shares of ALPS | Smith Core Plus Bond ETF (NYSEARCA:SMTH) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 680,889 shares of the company’s stock, valued at approximately $17,625,000. ALPS | Smith Core Plus Bond ETF makes up about 13.8% of Traction Financial Partners LLC’s investment portfolio, making the stock its largest position. Traction Financial Partners LLC owned approximately 1.04% of ALPS | Smith Core Plus Bond ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SMTH. Comerica Bank purchased a new position in ALPS | Smith Core Plus Bond ETF in the 4th quarter valued at about $82,000. JPMorgan Chase & Co. acquired a new stake in ALPS | Smith Core Plus Bond ETF during the 4th quarter worth approximately $115,000. Strategic Financial Concepts LLC acquired a new stake in ALPS | Smith Core Plus Bond ETF during the 4th quarter worth approximately $201,000. TAP Consulting LLC acquired a new stake in ALPS | Smith Core Plus Bond ETF in the fourth quarter valued at approximately $212,000. Finally, Coastal Bridge Advisors LLC acquired a new stake in ALPS | Smith Core Plus Bond ETF in the fourth quarter valued at approximately $385,000.

ALPS | Smith Core Plus Bond ETF Stock Up 0.2%

Shares of NYSEARCA:SMTH opened at $25.57 on Wednesday. ALPS | Smith Core Plus Bond ETF has a 52-week low of $25.15 and a 52-week high of $26.71. The company has a 50 day moving average of $25.57 and a two-hundred day moving average of $25.66.

About ALPS | Smith Core Plus Bond ETF

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.