Golden State Equity Partners Has $2.98 Million Position in First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV)

Golden State Equity Partners lessened its stake in shares of First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) by 6.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 95,225 shares of the company’s stock after selling 6,303 shares during the quarter. Golden State Equity Partners owned about 0.08% of First Trust Horizon Managed Volatility Developed International ETF worth $2,979,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in First Trust Horizon Managed Volatility Developed International ETF by 24.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,628 shares of the company’s stock valued at $245,000 after buying an additional 1,695 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in First Trust Horizon Managed Volatility Developed International ETF by 4.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 21,500 shares of the company’s stock worth $629,000 after acquiring an additional 851 shares during the period. Cetera Advisors LLC raised its stake in First Trust Horizon Managed Volatility Developed International ETF by 30.8% in the 1st quarter. Cetera Advisors LLC now owns 24,291 shares of the company’s stock worth $711,000 after purchasing an additional 5,718 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in First Trust Horizon Managed Volatility Developed International ETF by 5.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 28,259 shares of the company’s stock valued at $827,000 after purchasing an additional 1,565 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of First Trust Horizon Managed Volatility Developed International ETF by 71.3% during the first quarter. Cetera Investment Advisers now owns 163,283 shares of the company’s stock worth $4,779,000 after purchasing an additional 67,967 shares during the period.

First Trust Horizon Managed Volatility Developed International ETF Stock Performance

Shares of NYSEARCA HDMV traded down $0.27 during midday trading on Wednesday, reaching $30.11. The company’s stock had a trading volume of 1,465 shares, compared to its average volume of 4,732. The company has a market cap of $34.63 million, a P/E ratio of 16.19 and a beta of 0.60. First Trust Horizon Managed Volatility Developed International ETF has a fifty-two week low of $26.13 and a fifty-two week high of $32.20. The business’s 50 day moving average price is $31.21 and its two-hundred day moving average price is $29.83.

First Trust Horizon Managed Volatility Developed International ETF Profile

The First Trust Horizon Managed Volatility Developed International ETF (HDMV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility index. The fund is an actively-managed fund of low expected volatility mid and large-cap stocks from developed markets. HDMV was launched on Aug 24, 2016 and is managed by First Trust.