Envestnet Asset Management Inc. Has $2.87 Million Position in Hilton Small-MidCap Opportunity ETF $SMCO

Envestnet Asset Management Inc. increased its holdings in shares of Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) by 459.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,337 shares of the company’s stock after purchasing an additional 87,340 shares during the period. Envestnet Asset Management Inc. owned approximately 2.29% of Hilton Small-MidCap Opportunity ETF worth $2,865,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SMCO. Crumly & Associates Inc. raised its holdings in Hilton Small-MidCap Opportunity ETF by 13.1% during the 3rd quarter. Crumly & Associates Inc. now owns 500,765 shares of the company’s stock worth $13,493,000 after buying an additional 58,031 shares during the period. Fulton Bank N.A. increased its position in shares of Hilton Small-MidCap Opportunity ETF by 11.9% during the third quarter. Fulton Bank N.A. now owns 107,076 shares of the company’s stock worth $2,885,000 after acquiring an additional 11,390 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of 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 acquiring an additional 4,921 shares during the period.

Hilton Small-MidCap Opportunity ETF Trading Up 0.0%

SMCO opened at $28.90 on Thursday. The stock has a market capitalization of $150.28 million, a P/E ratio of 24.86 and a beta of 1.37. Hilton Small-MidCap Opportunity ETF has a 12 month low of $20.71 and a 12 month high of $29.59. The firm’s fifty day simple moving average is $28.32 and its 200 day simple moving average is $27.36.

Hilton Small-MidCap Opportunity ETF Announces Dividend

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

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.