Synergy Asset Management LLC Makes New $81,000 Investment in First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV)

Synergy Asset Management LLC purchased a new position in shares of First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,583 shares of the company’s stock, valued at approximately $81,000. Synergy Asset Management LLC owned 0.22% of First Trust Horizon Managed Volatility Developed International ETF as of its most recent SEC filing.

Separately, Cetera Investment Advisers lifted its position in First Trust Horizon Managed Volatility Developed International ETF by 0.7% during the second quarter. Cetera Investment Advisers now owns 164,459 shares of the company’s stock worth $4,670,000 after buying an additional 1,176 shares during the period.

First Trust Horizon Managed Volatility Developed International ETF Trading Up 0.7 %

Shares of NYSEARCA:HDMV opened at $30.02 on Friday. The firm has a market cap of $34.52 million, a price-to-earnings ratio of 16.19 and a beta of 0.60. The stock’s 50-day moving average price is $29.30 and its two-hundred day moving average price is $30.05. First Trust Horizon Managed Volatility Developed International ETF has a 12-month low of $26.13 and a 12-month high of $32.20.

First Trust Horizon Managed Volatility Developed International ETF Company 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.