Wealth Enhancement Advisory Services LLC Buys 34,553 Shares of Federated Hermes Total Return Bond ETF $FTRB

Wealth Enhancement Advisory Services LLC grew its position in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 420.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 42,762 shares of the company’s stock after purchasing an additional 34,553 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Federated Hermes Total Return Bond ETF were worth $1,088,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FTRB. Retirement Planning Group LLC acquired a new stake in Federated Hermes Total Return Bond ETF in the third quarter worth about $23,325,000. Raymond James Financial Inc. raised its stake in shares of Federated Hermes Total Return Bond ETF by 1,493.6% during the second quarter. Raymond James Financial Inc. now owns 890,977 shares of the company’s stock worth $22,364,000 after buying an additional 835,066 shares during the last quarter. Hills Bank & Trust Co boosted its stake in Federated Hermes Total Return Bond ETF by 17.5% in the second quarter. Hills Bank & Trust Co now owns 2,307,838 shares of the company’s stock valued at $57,927,000 after acquiring an additional 343,359 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Federated Hermes Total Return Bond ETF during the 2nd quarter valued at $4,184,000. Finally, Jane Street Group LLC raised its position in shares of Federated Hermes Total Return Bond ETF by 277.9% during the 1st quarter. Jane Street Group LLC now owns 65,221 shares of the company’s stock valued at $1,634,000 after acquiring an additional 47,962 shares during the last quarter.

Federated Hermes Total Return Bond ETF Stock Down 0.1%

Shares of Federated Hermes Total Return Bond ETF stock opened at $25.34 on Tuesday. Federated Hermes Total Return Bond ETF has a 12 month low of $24.40 and a 12 month high of $25.84. The business has a fifty day simple moving average of $25.46 and a 200 day simple moving average of $25.41. The stock has a market cap of $418.11 million, a PE ratio of 8.09 and a beta of 0.14.

Federated Hermes Total Return Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were given a dividend of $0.0565 per share. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, January 30th.

Federated Hermes Total Return Bond ETF Company Profile

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.