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

Synergy Asset Management LLC acquired a new position in First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,583 shares of the company’s stock, valued at approximately $81,000.

Separately, Cetera Investment Advisers raised its position in shares of First Trust Horizon Managed Volatility Developed International ETF by 0.7% during the 2nd 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 in the last quarter.

First Trust Horizon Managed Volatility Developed International ETF Stock Performance

Shares of NYSEARCA HDMV opened at $30.02 on Friday. The stock has a fifty day moving average price of $29.30 and a two-hundred day moving average price of $30.05. First Trust Horizon Managed Volatility Developed International ETF has a 1 year low of $26.13 and a 1 year high of $32.20. The firm has a market cap of $34.52 million, a P/E ratio of 16.19 and a beta of 0.60.

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.