Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Shares Up 0.7% – Here’s What Happened

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

Hilton Small-MidCap Opportunity ETF Stock Down 1.9%

The stock has a fifty day moving average of $28.41 and a two-hundred day moving average of $27.49. The stock has a market cap of $138.84 million, a price-to-earnings ratio of 24.86 and a beta of 1.37.

Hilton Small-MidCap Opportunity ETF Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, December 30th.

Institutional Trading of Hilton Small-MidCap Opportunity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SMCO. Benjamin Edwards Inc. lifted its position 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 valued at $603,000 after buying an additional 4,921 shares in the last quarter. Crumly & Associates Inc. increased its position in shares of Hilton Small-MidCap Opportunity ETF by 1.1% in the fourth quarter. Crumly & Associates Inc. now owns 506,124 shares of the company’s stock worth $13,565,000 after acquiring an additional 5,359 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of Hilton Small-MidCap Opportunity ETF by 11.9% in the 3rd quarter. Fulton Bank N.A. now owns 107,076 shares of the company’s stock valued at $2,885,000 after acquiring an additional 11,390 shares during the period. Osaic Holdings Inc. raised 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 acquiring an additional 15,347 shares during the period. Finally, LPL Financial LLC acquired a new position in shares of Hilton Small-MidCap Opportunity ETF during the 4th quarter valued at $862,000.

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.