(HDMV) First Trust Horizon Managed - Ratings and Ratios

The First Trust Horizon Managed Volatility Developed International ETF (HDMV) is designed to provide exposure to developed international markets with a focus on managing volatility. Under normal market conditions, the fund allocates at least 80% of its net assets to common stocks and depositary receipts of companies in developed markets outside the U.S., prioritizing those with low expected future volatility. This approach aims to balance risk and return by targeting equities that exhibit stable performance.

The ETF diversifies its holdings across at least three countries, with a minimum of 40% of its net assets invested outside the U.S. This geographic diversification is intended to reduce exposure to any single markets volatility while capturing growth opportunities in international developed economies. The funds strategy is implemented by its sub-advisor, which employs a systematic approach to identify and select stocks with favorable volatility profiles.

As of the latest data, HDMV has an average trading volume of 3,112 shares over the past 20 days, indicating moderate liquidity. The funds last price was $32.12, with key moving averages showing a short-term upward trend (SMA 20: $30.87) and a slightly lower long-term average (SMA 200: $29.70). The Average True Range (ATR) of 0.23 suggests relatively low price volatility, aligning with the funds investment objective.

With total assets under management (AUM) of $32.35 million, HDMV is a smaller ETF in its category. This size may limit its flexibility in certain market conditions but also allows for targeted exposure to its selected strategy. The fund is listed on the NYSE ARCA under the ticker HDMV and falls under the Foreign Large Value ETF category.