LPL Financial LLC Takes Position in First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV)

LPL Financial LLC acquired a new position in shares of First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMVFree Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 108,501 shares of the company’s stock, valued at approximately $3,348,000. LPL Financial LLC owned about 18.08% of First Trust Horizon Managed Volatility Small/Mid ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HSMV. Avantax Advisory Services Inc. lifted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 8.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,946 shares of the company’s stock worth $338,000 after buying an additional 821 shares during the last quarter. Cetera Advisor Networks LLC bought a new position in shares of First Trust Horizon Managed Volatility Small/Mid ETF during the fourth quarter valued at approximately $1,301,000. Cetera Investment Advisers acquired a new stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF during the 4th quarter worth approximately $2,677,000. Cetera Advisors LLC bought a new stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF in the 4th quarter worth approximately $556,000. Finally, Atria Wealth Solutions Inc. acquired a new position in First Trust Horizon Managed Volatility Small/Mid ETF during the 4th quarter valued at approximately $212,000.

First Trust Horizon Managed Volatility Small/Mid ETF Price Performance

Shares of NYSEARCA HSMV opened at $31.31 on Tuesday. The firm has a market capitalization of $18.79 million, a PE ratio of 16.07 and a beta of 0.83. First Trust Horizon Managed Volatility Small/Mid ETF has a 1-year low of $28.03 and a 1-year high of $33.58. The business’s fifty day moving average price is $31.19 and its two-hundred day moving average price is $30.77.

About First Trust Horizon Managed Volatility Small/Mid ETF

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV)

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