Rockefeller Capital Management L.P. Acquires 122,013 Shares of Federated Hermes U.S. Strategic Dividend ETF $FDV

Rockefeller Capital Management L.P. increased its stake in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 60.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 324,110 shares of the company’s stock after buying an additional 122,013 shares during the quarter. Rockefeller Capital Management L.P. owned 1.65% of Federated Hermes U.S. Strategic Dividend ETF worth $9,273,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FDV. Lantz Financial LLC raised its position in Federated Hermes U.S. Strategic Dividend ETF by 15.3% in the fourth quarter. Lantz Financial LLC now owns 393,055 shares of the company’s stock worth $11,245,000 after acquiring an additional 52,130 shares during the period. Truist Financial Corp boosted its stake in Federated Hermes U.S. Strategic Dividend ETF by 24.2% in the fourth quarter. Truist Financial Corp now owns 446,610 shares of the company’s stock valued at $12,778,000 after acquiring an additional 86,948 shares during the last quarter. DAVENPORT & Co LLC grew its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 155.8% during the 4th quarter. DAVENPORT & Co LLC now owns 37,420 shares of the company’s stock valued at $1,071,000 after acquiring an additional 22,794 shares during the period. Fourpath Capital Management LLC grew its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 27.4% during the 4th quarter. Fourpath Capital Management LLC now owns 764,509 shares of the company’s stock valued at $21,873,000 after acquiring an additional 164,496 shares during the period. Finally, Diversified Portfolios Inc. purchased a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF during the 4th quarter worth approximately $566,000.

Federated Hermes U.S. Strategic Dividend ETF Stock Up 0.4%

Shares of FDV stock opened at $31.66 on Friday. The firm has a market cap of $753.51 million, a P/E ratio of 16.95 and a beta of 0.51. The company has a 50 day moving average of $31.25 and a 200-day moving average of $30.63. Federated Hermes U.S. Strategic Dividend ETF has a 12-month low of $27.28 and a 12-month high of $35.11.

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.