Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Shares Down 0% – Here’s What Happened

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO)’s share price was down 0% during mid-day trading on Thursday . The stock traded as low as $28.88 and last traded at $29.11. Approximately 20,622 shares traded hands during trading, a decline of 8% from the average daily volume of 22,352 shares. The stock had previously closed at $29.12.

Hilton Small-MidCap Opportunity ETF Stock Performance

The company’s fifty day simple moving average is $28.18 and its two-hundred day simple moving average is $27.26. The stock has a market capitalization of $151.37 million, a P/E ratio of 24.86 and a beta of 1.37.

Hilton Small-MidCap Opportunity ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a $0.2702 dividend. This represents a dividend yield of 99.0%. The ex-dividend date was Tuesday, December 30th.

Institutional Investors Weigh In On Hilton Small-MidCap Opportunity ETF

A number of institutional investors have recently added to or reduced their stakes in SMCO. Benjamin Edwards Inc. raised its stake in Hilton Small-MidCap Opportunity ETF by 28.2% during the third quarter. Benjamin Edwards Inc. now owns 22,371 shares of the company’s stock worth $603,000 after buying an additional 4,921 shares during the last quarter. LPL Financial LLC bought a new position in shares of Hilton Small-MidCap Opportunity ETF in the 4th quarter worth about $862,000. Osaic Holdings Inc. lifted its stake in shares of Hilton Small-MidCap Opportunity ETF by 31.6% in the 4th quarter. Osaic Holdings Inc. now owns 63,870 shares of the company’s stock valued at $1,712,000 after purchasing an additional 15,347 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Hilton Small-MidCap Opportunity ETF by 459.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 106,337 shares of the company’s stock valued at $2,865,000 after purchasing an additional 87,340 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Hilton Small-MidCap Opportunity ETF by 11.9% during the 3rd quarter. Fulton Bank N.A. now owns 107,076 shares of the company’s stock valued at $2,885,000 after purchasing an additional 11,390 shares in the last quarter.

Hilton Small-MidCap Opportunity ETF Company Profile

The Hilton Small-MidCap Opportunity ETF (SMCO) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed fund that focuses on generating returns while minimizing risk through its proprietary Small & Mid Cap Opportunities investment process (SMCO), which attempts to identify undervalued US stocks in the small- and mid-cap space. SMCO was launched on Nov 28, 2023 and is issued by Hilton.