Federated Hermes Inc. Makes New Investment in Federated Hermes Short Duration Corporate ETF $FCSH

Federated Hermes Inc. purchased a new stake in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,065,689 shares of the company’s stock, valued at approximately $50,434,000. Federated Hermes Inc. owned 0.79% of Federated Hermes Short Duration Corporate ETF as of its most recent filing with the SEC.

Federated Hermes Short Duration Corporate ETF Price Performance

Shares of NYSEARCA FCSH opened at $24.50 on Friday. The firm’s 50-day moving average price is $24.47 and its two-hundred day moving average price is $24.45. Federated Hermes Short Duration Corporate ETF has a 52-week low of $23.87 and a 52-week high of $24.64.

Federated Hermes Short Duration Corporate ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be issued a $0.0842 dividend. This is a positive change from Federated Hermes Short Duration Corporate ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 4.1%.

Federated Hermes Short Duration Corporate ETF Company Profile

The Federated Hermes Short Duration Corporate ETF (FCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated investment-grade. FCSH was launched on Dec 16, 2021 and is managed by Federated Hermes.