Great Valley Advisor Group Inc. Increases Holdings in Federated Hermes U.S. Strategic Dividend ETF $FDV

Great Valley Advisor Group Inc. increased its stake in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,742,820 shares of the company’s stock after purchasing an additional 148,995 shares during the quarter. Federated Hermes U.S. Strategic Dividend ETF comprises about 1.0% of Great Valley Advisor Group Inc.’s holdings, making the stock its 22nd largest position. Great Valley Advisor Group Inc. owned 8.85% of Federated Hermes U.S. Strategic Dividend ETF worth $49,862,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Colonial Trust Co SC purchased a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the third quarter valued at $50,000. Comerica Bank purchased a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the third quarter valued at $100,000. Northwestern Mutual Wealth Management Co. grew 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 buying an additional 4,425 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter worth about $327,000. Finally, Bank of America Corp DE grew 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 buying an additional 2,664 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Stock Up 0.1%

Federated Hermes U.S. Strategic Dividend ETF stock opened at $31.83 on Friday. Federated Hermes U.S. Strategic Dividend ETF has a 52 week low of $27.08 and a 52 week high of $35.11. The business has a 50-day simple moving average of $31.13 and a 200 day simple moving average of $30.44. The stock has a market cap of $757.55 million, a price-to-earnings ratio of 16.95 and a beta of 0.51.

Federated Hermes U.S. Strategic Dividend ETF Company 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.