Orion Portfolio Solutions LLC Decreases Stock Position in First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV)

Orion Portfolio Solutions LLC trimmed its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) by 1.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 33,257 shares of the company’s stock after selling 391 shares during the quarter. Orion Portfolio Solutions LLC owned 0.06% of First Trust Horizon Managed Volatility Small/Mid ETF worth $1,191,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. LPL Financial LLC lifted its holdings 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 acquiring an additional 5,073 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 12.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 18,333 shares of the company’s stock worth $656,000 after purchasing an additional 2,101 shares during the last quarter. Principal Securities Inc. boosted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 2.6% during the fourth quarter. Principal Securities Inc. now owns 12,127 shares of the company’s stock valued at $434,000 after buying an additional 302 shares during the period. Atria Wealth Solutions Inc. grew its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 23.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 9,772 shares of the company’s stock valued at $350,000 after buying an additional 1,851 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 13.3% in the fourth quarter. Bank of New York Mellon Corp now owns 8,999 shares of the company’s stock worth $322,000 after buying an additional 1,053 shares during the period.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Down 4.3 %

HSMV opened at $33.88 on Friday. The business has a fifty day moving average of $35.97 and a 200 day moving average of $36.52. The stock has a market cap of $20.33 million, a P/E ratio of 18.67 and a beta of 0.86. First Trust Horizon Managed Volatility Small/Mid ETF has a 52-week low of $31.99 and a 52-week high of $38.99.

First Trust Horizon Managed Volatility Small/Mid ETF 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.