Hilton Small-MidCap Opportunity ETF Declares Annual Dividend of $0.27 (NASDAQ:SMCO)

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) declared an annual dividend on Monday, December 29th. Investors of record on Tuesday, December 30th will be paid a dividend of 0.2702 per share on Wednesday, December 31st. This represents a yield of 99.0%. The ex-dividend date is Tuesday, December 30th.

Hilton Small-MidCap Opportunity ETF Price Performance

Hilton Small-MidCap Opportunity ETF stock traded down $0.16 during trading hours on Tuesday, hitting $27.26. 1,411 shares of the stock traded hands, compared to its average volume of 9,075. Hilton Small-MidCap Opportunity ETF has a 1 year low of $20.71 and a 1 year high of $28.04. The stock has a market capitalization of $126.74 million, a price-to-earnings ratio of 24.86 and a beta of 1.37. The firm’s 50 day moving average price is $26.99 and its 200-day moving average price is $26.59.

Institutional Trading of Hilton Small-MidCap Opportunity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SMCO. Fulton Bank N.A. boosted its stake in 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 worth $2,885,000 after purchasing an additional 11,390 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Hilton Small-MidCap Opportunity ETF by 28.2% in 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 in the last quarter. Crumly & Associates Inc. boosted its position in Hilton Small-MidCap Opportunity ETF by 13.1% during the third quarter. Crumly & Associates Inc. now owns 500,765 shares of the company’s stock worth $13,493,000 after acquiring an additional 58,031 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Hilton Small-MidCap Opportunity ETF by 459.8% during the third quarter. Envestnet Asset Management Inc. now owns 106,337 shares of the company’s stock worth $2,865,000 after acquiring an additional 87,340 shares during the last quarter.

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.