Envestnet Asset Management Inc. Purchases 3,058 Shares of First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV)

Envestnet Asset Management Inc. grew its position in First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,876 shares of the company’s stock after purchasing an additional 3,058 shares during the period. Envestnet Asset Management Inc. owned about 0.31% of First Trust Horizon Managed Volatility Small/Mid ETF worth $6,622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HSMV. Certior Financial Group LLC purchased a new position in First Trust Horizon Managed Volatility Small/Mid ETF during the fourth quarter worth about $276,000. Bank of New York Mellon Corp increased its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 13.3% in the 4th quarter. Bank of New York Mellon Corp now owns 8,999 shares of the company’s stock valued at $322,000 after buying an additional 1,053 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 12.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,333 shares of the company’s stock worth $656,000 after buying an additional 2,101 shares in the last quarter. LPL Financial LLC boosted its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.2% in the 4th quarter. LPL Financial LLC now owns 126,727 shares of the company’s stock worth $4,538,000 after buying an additional 5,073 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 2.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 138,661 shares of the company’s stock worth $4,994,000 after buying an additional 3,440 shares during the last quarter.

First Trust Horizon Managed Volatility Small/Mid ETF Trading Up 1.2%

Shares of HSMV opened at $36.11 on Wednesday. The company has a market capitalization of $21.67 million, a price-to-earnings ratio of 17.07 and a beta of 0.83. The stock has a 50 day moving average of $35.87 and a 200 day moving average of $35.68. First Trust Horizon Managed Volatility Small/Mid ETF has a 12 month low of $32.22 and a 12 month high of $38.99.

First Trust Horizon Managed Volatility Small/Mid ETF Company Profile

The First Trust Horizon Managed Volatility Small\u002FMid ETF (HSMV) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active fund of small- and mid-cap US stocks selected based on volatility forecast. HSMV was launched on Apr 6, 2020 and is managed by First Trust.