First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)
First Trust Horizon Managed Volatility Small/Mid ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $39.23, up 0.28% on the session, giving a market capitalisation of $34.6M. Its beta of 0.59 implies it has historically moved less than the broad market.
The First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) aims to deliver capital appreciation to its shareholders. To achieve this principal objective under typical market conditions, the Fund allocates a substantial portion—at least 80%—of its net assets (which may include borrowed capital) to specific types of investments. These consist of common stocks issued by small and/or mid-capitalization companies. These equities are publicly traded on U.S. national exchanges and are specifically chosen by Horizon Investments, LLC based on their projected low future volatility.
First Trust Horizon Managed Volatility Small/Mid ETF is most often compared with the following Financial Services names: