Envestnet Portfolio Solutions Inc. Sells 9,419 Shares of First Trust Horizon Managed Volatility Small/Mid ETF $HSMV

Envestnet Portfolio Solutions Inc. trimmed its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) by 54.1% during the second quarter, HoldingsChannel reports. The firm owned 7,997 shares of the company’s stock after selling 9,419 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Horizon Managed Volatility Small/Mid ETF were worth $287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HSMV. Bank of New York Mellon Corp boosted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 9,331 shares of the company’s stock worth $336,000 after purchasing an additional 332 shares in the last quarter. LPL Financial LLC boosted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.8% during the first quarter. LPL Financial LLC now owns 132,863 shares of the company’s stock worth $4,785,000 after purchasing an additional 6,136 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 2.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 138,661 shares of the company’s stock worth $4,994,000 after purchasing an additional 3,440 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 0.3% during the first quarter. Cetera Investment Advisers now owns 147,218 shares of the company’s stock worth $5,302,000 after purchasing an additional 468 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 1.7% during the first quarter. Envestnet Asset Management Inc. now owns 183,876 shares of the company’s stock worth $6,622,000 after purchasing an additional 3,058 shares in the last quarter.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Down 0.1%

Shares of NYSEARCA:HSMV opened at $36.08 on Friday. First Trust Horizon Managed Volatility Small/Mid ETF has a 12 month low of $32.22 and a 12 month high of $38.99. The company’s fifty day simple moving average is $36.30 and its 200 day simple moving average is $35.80. The firm has a market cap of $27.06 million, a price-to-earnings ratio of 17.07 and a beta of 0.83.

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.