Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) Stock Price Up 1.2% – Here’s What Happened

Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) shares were up 1.2% on Thursday . The stock traded as high as $29.59 and last traded at $29.59. Approximately 3,336 shares changed hands during trading, a decline of 86% from the average session volume of 24,162 shares. The stock had previously closed at $29.24.

Hilton Small-MidCap Opportunity ETF Price Performance

The company has a market cap of $140.55 million, a P/E ratio of 24.86 and a beta of 1.10. The stock’s 50-day moving average is $30.03 and its two-hundred day moving average is $29.07.

Institutional Investors Weigh In On Hilton Small-MidCap Opportunity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new stake in Hilton Small-MidCap Opportunity ETF during the 1st quarter valued at $55,000. LPL Financial LLC purchased a new position in shares of Hilton Small-MidCap Opportunity ETF in the 4th quarter worth $862,000. Osaic Holdings Inc. boosted 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 worth $1,712,000 after buying an additional 15,347 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Hilton Small-MidCap Opportunity ETF in the first quarter worth $2,121,000. Finally, Fulton Bank N.A. grew its holdings in shares of Hilton Small-MidCap Opportunity ETF by 10.7% in the first quarter. Fulton Bank N.A. now owns 147,832 shares of the company’s stock worth $4,018,000 after acquiring an additional 14,329 shares during the period.

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.