Envestnet Asset Management Inc. lifted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV – Free Report) by 15.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 481,953 shares of the company’s stock after purchasing an additional 65,362 shares during the period. Envestnet Asset Management Inc.’s holdings in Federated Hermes U.S. Strategic Dividend ETF were worth $13,234,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. bought a new position in Federated Hermes U.S. Strategic Dividend ETF during the first quarter valued at about $465,000. Gateway Wealth Partners LLC boosted its stake in Federated Hermes U.S. Strategic Dividend ETF by 10.2% in the first quarter. Gateway Wealth Partners LLC now owns 10,894 shares of the company’s stock valued at $307,000 after acquiring an additional 1,009 shares during the last quarter. Ascension Capital Advisors Inc. grew its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 0.9% during the 1st quarter. Ascension Capital Advisors Inc. now owns 1,120,236 shares of the company’s stock valued at $31,546,000 after acquiring an additional 9,837 shares during the period. Avantax Advisory Services Inc. bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the 1st quarter valued at approximately $1,098,000. Finally, Cetera Investment Advisers increased its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 267.7% during the 1st quarter. Cetera Investment Advisers now owns 111,991 shares of the company’s stock worth $3,154,000 after purchasing an additional 81,534 shares during the last quarter.
Federated Hermes U.S. Strategic Dividend ETF Trading Up 1.0%
NYSEARCA:FDV opened at $28.28 on Friday. Federated Hermes U.S. Strategic Dividend ETF has a 12 month low of $24.39 and a 12 month high of $29.80. The firm’s 50 day moving average is $28.49 and its 200 day moving average is $27.94. The stock has a market capitalization of $469.45 million, a PE ratio of 16.95 and a beta of 0.63.
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.
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