Federated Hermes U.S. Strategic Dividend ETF $FDV Shares Bought by Ascension Capital Advisors Inc.

Ascension Capital Advisors Inc. lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 16.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,316,195 shares of the company’s stock after buying an additional 184,498 shares during the quarter. Federated Hermes U.S. Strategic Dividend ETF comprises about 12.9% of Ascension Capital Advisors Inc.’s portfolio, making the stock its 3rd largest holding. Ascension Capital Advisors Inc. owned approximately 0.07% of Federated Hermes U.S. Strategic Dividend ETF worth $37,656,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of FDV. Colonial Trust Co SC acquired a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF during the 3rd quarter worth about $50,000. Comerica Bank bought a new position in Federated Hermes U.S. Strategic Dividend ETF during the third quarter worth about $100,000. Northwestern Mutual Wealth Management Co. increased its position in Federated Hermes U.S. Strategic Dividend ETF by 590.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,174 shares of the company’s stock worth $148,000 after acquiring an additional 4,425 shares during the period. Bank of America Corp DE increased its position in Federated Hermes U.S. Strategic Dividend ETF by 29.3% during the second quarter. Bank of America Corp DE now owns 11,759 shares of the company’s stock worth $323,000 after acquiring an additional 2,664 shares during the period. Finally, Strategic Financial Concepts LLC bought a new position in Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter worth about $327,000.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

NYSEARCA:FDV opened at $31.23 on Friday. Federated Hermes U.S. Strategic Dividend ETF has a 52 week low of $26.88 and a 52 week high of $35.11. The firm has a market cap of $743.27 million, a price-to-earnings ratio of 16.95 and a beta of 0.53. The firm’s 50-day simple moving average is $30.98 and its 200 day simple moving average is $30.24.

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.