Envestnet Asset Management Inc. lifted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV – Free Report) by 17.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 567,040 shares of the company’s stock after purchasing an additional 85,087 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Federated Hermes U.S. Strategic Dividend ETF were worth $16,229,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Gateway Wealth Partners LLC boosted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 4.7% in the second quarter. Gateway Wealth Partners LLC now owns 11,402 shares of the company’s stock valued at $313,000 after purchasing an additional 508 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 15.2% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 11,442 shares of the company’s stock valued at $327,000 after buying an additional 1,508 shares during the period. Bank of America Corp DE boosted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 29.3% in the 2nd quarter. Bank of America Corp DE now owns 11,759 shares of the company’s stock valued at $323,000 after buying an additional 2,664 shares during the period. Claro Advisors LLC grew its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 13.0% during the second quarter. Claro Advisors LLC now owns 19,310 shares of the company’s stock worth $530,000 after buying an additional 2,225 shares in the last quarter. Finally, Intrua Financial LLC grew its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 113.6% during the second quarter. Intrua Financial LLC now owns 21,150 shares of the company’s stock worth $581,000 after buying an additional 11,250 shares in the last quarter.
Federated Hermes U.S. Strategic Dividend ETF Stock Up 1.1%
Shares of Federated Hermes U.S. Strategic Dividend ETF stock opened at $31.99 on Monday. Federated Hermes U.S. Strategic Dividend ETF has a 52-week low of $24.39 and a 52-week high of $32.07. The company has a market capitalization of $630.20 million, a P/E ratio of 16.95 and a beta of 0.63. The company has a 50 day moving average of $29.61 and a 200 day moving average of $28.87.
Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend
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.
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