IFS Group LLC bought a new stake in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,238 shares of the company’s stock, valued at approximately $901,000. IFS Group LLC owned approximately 0.12% of Federated Hermes U.S. Strategic Dividend ETF at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Comerica Bank acquired a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter worth approximately $100,000. Fifth Third Bancorp purchased a new stake in Federated Hermes U.S. Strategic Dividend ETF during the first quarter worth $108,000. Northwestern Mutual Wealth Management Co. grew its holdings in Federated Hermes U.S. Strategic Dividend ETF by 590.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,174 shares of the company’s stock valued at $148,000 after purchasing an additional 4,425 shares during the last quarter. Betterment LLC acquired a new stake in Federated Hermes U.S. Strategic Dividend ETF in the fourth quarter valued at $212,000. Finally, Financial Council LLC purchased a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the first quarter valued at $279,000.
Federated Hermes U.S. Strategic Dividend ETF Stock Up 0.1%
NYSEARCA:FDV opened at $33.57 on Thursday. The company has a market capitalization of $866.11 million, a PE ratio of 16.95 and a beta of 0.51. Federated Hermes U.S. Strategic Dividend ETF has a 52-week low of $27.50 and a 52-week high of $35.11. The stock has a fifty day simple moving average of $31.88 and a 200-day simple moving average of $31.23.
About Federated Hermes U.S. Strategic Dividend ETF
The Federated Hermes U.S. Strategic Dividend ETF (FDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund seeks income and long-term capital appreciation through an actively managed portfolio of high dividend-paying US stocks with the potential for dividend growth. FDV was launched on Nov 15, 2022 and is managed by Federated Hermes.
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