Allegheny Financial Group Raises Stake in Federated Hermes Total Return Bond ETF $FTRB

Allegheny Financial Group lifted its position in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 43.4% in the third quarter, HoldingsChannel.com reports. The firm owned 253,500 shares of the company’s stock after purchasing an additional 76,667 shares during the quarter. Federated Hermes Total Return Bond ETF comprises about 1.2% of Allegheny Financial Group’s investment portfolio, making the stock its 17th biggest holding. Allegheny Financial Group’s holdings in Federated Hermes Total Return Bond ETF were worth $6,436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC bought a new position in Federated Hermes Total Return Bond ETF in the 2nd quarter worth $33,000. Motco raised its holdings in Federated Hermes Total Return Bond ETF by 319.3% during the second quarter. Motco now owns 3,040 shares of the company’s stock valued at $76,000 after acquiring an additional 2,315 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Federated Hermes Total Return Bond ETF by 38.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,608 shares of the company’s stock valued at $91,000 after acquiring an additional 1,007 shares in the last quarter. Semmax Financial Advisors Inc. bought a new position in shares of Federated Hermes Total Return Bond ETF in the second quarter worth about $123,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Federated Hermes Total Return Bond ETF in the second quarter worth about $482,000.

Federated Hermes Total Return Bond ETF Trading Up 0.1%

Shares of FTRB opened at $25.47 on Wednesday. The business’s 50 day moving average is $25.44 and its 200 day moving average is $25.43. The company has a market capitalization of $420.26 million, a PE ratio of 8.09 and a beta of 0.14. Federated Hermes Total Return Bond ETF has a 12-month low of $24.40 and a 12-month high of $25.84.

Federated Hermes Total Return Bond ETF Cuts Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 2.7%.

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.