Hilton Small-MidCap Opportunity ETF
SMCO
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 615 East Michigan Street Milwaukee WI United States of America 53202
- IPO Date
- Nov 29, 2023
- CIK
- 0001924868
- Website
- hiltonetfs.com
- Similar Companies
- Business
- Hilton Small-MidCap Opportunity ETF (SMCO) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in small- and mid-cap U.S. equity securities across diversified sectors, including financials, industrials, information technology, consumer discretionary, and utilities; it employs the proprietary Small & Mid Cap Opportunities investment process (SMCO process) of Hilton Capital Management, LLC, which uses fundamental analysis and bottom-up stock picking to identify mispriced stocks encompassing value, growth, and core equities while managing portfolio volatility through parameters such as valuations, position sizing, sector exposure, and factor-based risk controls. The fund, launched on November 29, 2023, trades on the Nasdaq under the ticker SMCO with a total annual operating expense ratio of 0.55% and benchmarks its performance against the Russell 2500 Total Return Index and Russell 3000 Total Return Index; at least 80% of its net assets are invested in equity securities of small- and mid-capitalization companies domiciled in or conducting significant business in the United States. It is issued by Tidal Trust II (formerly Toroso Investments, LLC), with Tidal Investments LLC serving as investment adviser and Hilton Capital Management, LLC as sub-adviser, a New York-based firm founded in 2001 that manages over $3 billion in assets and is headquartered in Garden City, NY. Top holdings as of recent data include Dycom Industries Inc. (DY), nVent Electric PLC (NVT), RadNet Inc. (RDNT), EQT Corp. (EQT), and Clean Harbors Inc. (CLH), representing key positions in industrials, energy, healthcare, and waste management sectors, with the top 10 holdings comprising approximately 27% of assets. The ETF targets institutional and individual investors seeking risk-adjusted returns in the extended market equity segment, with geographic focus limited to U.S. public equities and no international exposure. In November 2024, the fund achieved a significant milestone by surpassing $100 million in assets under management (AUM), reflecting strong inflows and investor interest in its active small- and mid-cap strategy amid market volatility; by late 2025, AUM exceeded $135 million with approximately 64 holdings and shares outstanding around 4.3 to 5 million. Recent quarterly recaps highlight portfolio adjustments for economic cycles, including rotations into resilient sectors like AI-related data centers, energy, and quality industrials during Q2 and Q3 2025, alongside outperformance relative to benchmarks in volatile conditions driven by tariff tensions and AI tailwinds. No major acquisitions, partnerships, or structural changes have been reported in the last 1-2 years beyond ongoing active management enhancements and index rebalancing in related Hilton strategies.