Income Growth ETF (SMIG) Touches a New 52-Week High

The Income Growth ETF (SMIG) reached a new 52-week high as investors rotated toward dividend-focused small and mid-cap equities. The active fund climbed 17.8% from its 52-week low of $27.66 per share, marking the latest peak. SMIG provides exposure to dividend-paying U.S.-listed equity securities of small/mid capitalization companies, and charges 60 basis points in annual fees. The article attributes the rally to recent investor concerns about heavy capital investment in artificial intelligence, which has pulled money from overvalued technology stocks. It also cites a positive weighted alpha of 15.29, referenced via Barchart.com, suggesting potential for continued strength in the near term. The piece was originally published by Zacks Investment Research.