Crumly & Associates Inc. raised its position in shares of Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO – Free Report) by 14.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 527,483 shares of the company’s stock after purchasing an additional 65,982 shares during the period. Hilton Small-MidCap Opportunity ETF accounts for approximately 2.6% of Crumly & Associates Inc.’s portfolio, making the stock its 8th largest holding. Crumly & Associates Inc. owned 10.94% of Hilton Small-MidCap Opportunity ETF worth $14,477,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of SMCO. Envestnet Asset Management Inc. increased its position in shares of Hilton Small-MidCap Opportunity ETF by 41.9% during the second quarter. Envestnet Asset Management Inc. now owns 498,944 shares of the company’s stock valued at $15,467,000 after buying an additional 147,241 shares during the period. Fulton Bank N.A. raised its stake in shares of Hilton Small-MidCap Opportunity ETF by 54.6% during the second quarter. Fulton Bank N.A. now owns 228,516 shares of the company’s stock worth $7,084,000 after acquiring an additional 80,684 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Hilton Small-MidCap Opportunity ETF during the first quarter valued at about $2,121,000. ZEGA Investments LLC purchased a new position in Hilton Small-MidCap Opportunity ETF in the 2nd quarter worth approximately $406,000. Finally, Fifth Third Bancorp purchased a new position in shares of Hilton Small-MidCap Opportunity ETF in the first quarter valued at about $55,000.
Hilton Small-MidCap Opportunity ETF Trading Down 1.4%
NASDAQ SMCO traded down $0.39 on Wednesday, hitting $27.92. The company’s stock had a trading volume of 3,506 shares, compared to its average volume of 22,067. The company’s 50-day simple moving average is $29.07 and its 200 day simple moving average is $29.27. The firm has a market cap of $134.58 million, a P/E ratio of 24.86 and a beta of 1.13. Hilton Small-MidCap Opportunity ETF has a 52-week low of $25.45 and a 52-week high of $31.17.
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.
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