Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Stock Price Up 0.7% – Here’s Why

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) rose 0.7% during trading on Thursday . The company traded as high as $27.21 and last traded at $27.19. Approximately 3,329 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 21,736 shares. The stock had previously closed at $26.99.

Hilton Small-MidCap Opportunity ETF Stock Up 0.7%

The stock has a fifty day moving average price of $28.44 and a two-hundred day moving average price of $27.49. The company has a market cap of $141.39 million, a price-to-earnings ratio of 24.86 and a beta of 1.37.

Hilton Small-MidCap Opportunity ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SMCO. Hilton Capital Management LLC bought a new stake in shares of Hilton Small-MidCap Opportunity ETF in the fourth quarter valued at approximately $6,108,000. Envestnet Asset Management Inc. raised its holdings in Hilton Small-MidCap Opportunity ETF by 459.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 106,337 shares of the company’s stock valued at $2,865,000 after acquiring an additional 87,340 shares in the last quarter. Crumly & Associates Inc. lifted its position in shares of 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 valued at $13,493,000 after acquiring an additional 58,031 shares during the period. &PARTNERS grew its holdings in shares of Hilton Small-MidCap Opportunity ETF by 27.7% during the 4th quarter. &PARTNERS now owns 188,877 shares of the company’s stock worth $5,062,000 after purchasing an additional 40,957 shares in the last quarter. Finally, LPL Financial LLC bought a new position in shares of Hilton Small-MidCap Opportunity ETF in the fourth quarter worth $862,000.

About Hilton Small-MidCap Opportunity ETF

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.