Zions Bancorporation National Association UT Purchases New Position in Federated Hermes U.S. Strategic Dividend ETF $FDV

Zions Bancorporation National Association UT purchased a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 103,750 shares of the company’s stock, valued at approximately $2,968,000. Zions Bancorporation National Association UT owned about 0.53% 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 added to or reduced their stakes in the company. Lantz Financial LLC lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 15.3% in the 4th quarter. Lantz Financial LLC now owns 393,055 shares of the company’s stock valued at $11,245,000 after purchasing an additional 52,130 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 24.2% in the 4th quarter. Truist Financial Corp now owns 446,610 shares of the company’s stock valued at $12,778,000 after purchasing an additional 86,948 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 155.8% in the 4th quarter. DAVENPORT & Co LLC now owns 37,420 shares of the company’s stock valued at $1,071,000 after purchasing an additional 22,794 shares during the last quarter. Fourpath Capital Management LLC lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 27.4% in the 4th quarter. Fourpath Capital Management LLC now owns 764,509 shares of the company’s stock valued at $21,873,000 after purchasing an additional 164,496 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 5.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,758,936 shares of the company’s stock valued at $50,875,000 after purchasing an additional 89,928 shares during the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

NYSEARCA:FDV opened at $31.79 on Thursday. The firm has a market capitalization of $756.60 million, a price-to-earnings ratio of 16.95 and a beta of 0.51. Federated Hermes U.S. Strategic Dividend ETF has a 1 year low of $27.08 and a 1 year high of $35.11. The business has a 50 day simple moving average of $31.11 and a 200-day simple moving average of $30.41.

Federated Hermes U.S. Strategic Dividend ETF Profile

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.