Fulton Bank N.A. Grows Position in Hilton Small-MidCap Opportunity ETF $SMCO

Fulton Bank N.A. grew its stake in Hilton Small-MidCap Opportunity ETF (NASDAQ:SMCO) by 54.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 228,516 shares of the company’s stock after purchasing an additional 80,684 shares during the period. Fulton Bank N.A. owned about 4.91% of Hilton Small-MidCap Opportunity ETF worth $7,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMCO. Fifth Third Bancorp purchased a new position in shares of Hilton Small-MidCap Opportunity ETF during the 1st quarter valued at approximately $55,000. LPL Financial LLC purchased a new stake in Hilton Small-MidCap Opportunity ETF during the fourth quarter worth $862,000. Osaic Holdings Inc. boosted its holdings in Hilton Small-MidCap Opportunity ETF by 31.6% during the fourth 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 in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Hilton Small-MidCap Opportunity ETF during the first quarter valued at $2,121,000. Finally, &PARTNERS grew its position in Hilton Small-MidCap Opportunity ETF by 27.7% during the fourth quarter. &PARTNERS now owns 188,877 shares of the company’s stock valued at $5,062,000 after buying an additional 40,957 shares during the period.

Hilton Small-MidCap Opportunity ETF Stock Performance

SMCO opened at $30.51 on Tuesday. The company has a fifty day moving average of $30.08 and a two-hundred day moving average of $29.16. The stock has a market capitalization of $146.45 million, a price-to-earnings ratio of 24.86 and a beta of 1.12. Hilton Small-MidCap Opportunity ETF has a fifty-two week low of $25.45 and a fifty-two 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.