Orion Portfolio Solutions LLC Sells 391 Shares of First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV)

Orion Portfolio Solutions LLC trimmed its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,257 shares of the company’s stock after selling 391 shares during the quarter. Orion Portfolio Solutions LLC owned 6.05% of First Trust Horizon Managed Volatility Small/Mid ETF worth $1,191,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. LPL Financial LLC increased its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.2% during the 4th quarter. LPL Financial LLC now owns 126,727 shares of the company’s stock valued at $4,538,000 after purchasing an additional 5,073 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in First Trust Horizon Managed Volatility Small/Mid ETF by 12.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 18,333 shares of the company’s stock valued at $656,000 after buying an additional 2,101 shares during the period. Atria Wealth Solutions Inc. grew its position in 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 period. Bank of New York Mellon Corp raised its position in 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 acquiring an additional 1,053 shares during the period. Finally, Principal Securities Inc. raised its position in First Trust Horizon Managed Volatility Small/Mid ETF by 2.6% in the fourth quarter. Principal Securities Inc. now owns 12,127 shares of the company’s stock worth $434,000 after acquiring an additional 302 shares during the period.

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

First Trust Horizon Managed Volatility Small/Mid ETF stock opened at $33.88 on Friday. The company has a market capitalization of $20.33 million, a P/E ratio of 18.67 and a beta of 0.86. The firm has a 50 day moving average price of $35.97 and a 200-day moving average price of $36.52. First Trust Horizon Managed Volatility Small/Mid ETF has a twelve month low of $31.99 and a twelve month high of $38.99.

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.