AlphaMark Actively Managed Small Cap ETF
SMCP
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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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
- DE United States of America
- IPO Date
- Apr 21, 2015
- CIK
- 0001540305
- Similar Companies
- Business
- AlphaMark Actively Managed Small Cap ETF (SMCP) is an actively managed exchange-traded fund that seeks long-term growth of capital by investing primarily in equity securities of small-cap companies listed on U.S. exchanges. The fund, issued by ETF Series Solutions and advised by AlphaMark Advisors, LLC, allocates at least 80% of its net assets plus borrowings for investment purposes to small-cap companies defined as those with total market capitalizations under $7 billion at purchase; equity securities encompass common and preferred stocks, American Depositary Receipts, and real estate investment trusts. AlphaMark Advisors employs a bottom-up stock screening process focusing on companies exhibiting consistent growth, sustainable earnings momentum, reliable cash flows across economic cycles, low debt-to-capital ratios, strong three-year average EBITDA margins, and positive upward revisions in analyst earnings estimates, maintaining a diversified portfolio of approximately 100 holdings with no single position exceeding 1.5% at initial purchase. As of July 1, 2024, the fund maintained significant exposure to the consumer, financials, and industrials sectors. It trades on The Nasdaq Stock Market, LLC, with a management fee of 0.90% and no distribution or service fees, resulting in total annual operating expenses of 0.90%; portfolio turnover stood at 178% for the fiscal year ended March 31, 2024. The fund targets investors seeking actively managed exposure to small-cap equities emphasizing undervalued growth opportunities with fundamental strength. AlphaMark Advisors, LLC, founded in 1999 and headquartered in Fort Wright, Kentucky, serves as the investment adviser, with Michael L. Simon, CFA, CPA, as President and Chief Investment Officer primarily responsible for day-to-day portfolio management since the fund's inception on April 20, 2015. The firm, a registered investment adviser controlled by Simon, prioritizes client interests through disciplined fundamental analysis. In a significant recent development, the Board of Trustees of ETF Series Solutions, upon recommendation from AlphaMark Advisors, approved the closure and liquidation of the fund effective after market close on December 27, 2024, with portfolio liquidation commencing around December 19, 2024; trading halts prior to market open on the liquidation date, after which pro rata cash distributions occur as taxable events. This operational change follows a period of institutional ownership adjustments, including shifts by major holders such as JPMorgan Chase & Co., Permian Investment Partners, LP, IMC-Chicago, LLC, and Maven Securities LTD, amid a 37.50% decline in total institutional owners quarter-over-quarter as of early 2025 data. No notable partnerships, acquisitions, funding rounds, or new product launches were reported for the fund or adviser in the last 1-2 years.