Envestnet Asset Management Inc. Buys 14,902 Shares of First Trust Horizon Managed Volatility Small/Mid ETF $HSMV

Envestnet Asset Management Inc. increased its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,348 shares of the company’s stock after purchasing an additional 14,902 shares during the quarter. Envestnet Asset Management Inc. owned about 27.25% of First Trust Horizon Managed Volatility Small/Mid ETF worth $7,433,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers lifted its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 5.6% during the 2nd quarter. Cetera Investment Advisers now owns 155,405 shares of the company’s stock worth $5,571,000 after buying an additional 8,187 shares in the last quarter. Certior Financial Group LLC raised its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.1% during the third quarter. Certior Financial Group LLC now owns 8,024 shares of the company’s stock worth $292,000 after acquiring an additional 314 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 226.3% during the second quarter. Osaic Holdings Inc. now owns 5,224 shares of the company’s stock valued at $187,000 after acquiring an additional 3,623 shares during the period.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Up 0.4%

First Trust Horizon Managed Volatility Small/Mid ETF stock opened at $38.09 on Friday. The business’s 50-day simple moving average is $36.75 and its 200 day simple moving average is $36.29. The stock has a market cap of $30.47 million, a price-to-earnings ratio of 17.07 and a beta of 0.82. First Trust Horizon Managed Volatility Small/Mid ETF has a 12-month low of $32.22 and a 12-month high of $38.30.

About First Trust Horizon Managed Volatility Small/Mid ETF

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.