Federated Hermes U.S. Strategic Dividend ETF $FDV Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its holdings in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 18.7% in the third quarter, Holdings Channel reports. The institutional investor owned 91,011 shares of the company’s stock after selling 20,888 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Federated Hermes U.S. Strategic Dividend ETF were worth $2,609,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FDV. Intrua Financial LLC grew its stake in Federated Hermes U.S. Strategic Dividend ETF by 4.1% in the 3rd quarter. Intrua Financial LLC now owns 22,010 shares of the company’s stock valued at $630,000 after acquiring an additional 860 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 15.2% during the third quarter. Kingswood Wealth Advisors LLC now owns 11,442 shares of the company’s stock valued at $327,000 after purchasing an additional 1,508 shares in the last quarter. Gladstone Institutional Advisory LLC grew its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 14.9% in the third quarter. Gladstone Institutional Advisory LLC now owns 24,467 shares of the company’s stock valued at $700,000 after purchasing an additional 3,177 shares during the period. Fourpath Capital Management LLC increased its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 44.5% during the third quarter. Fourpath Capital Management LLC now owns 600,013 shares of the company’s stock worth $17,172,000 after purchasing an additional 184,640 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 6.7% during the 2nd quarter. Osaic Holdings Inc. now owns 289,522 shares of the company’s stock worth $7,954,000 after purchasing an additional 18,220 shares during the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Trading Down 0.5%

FDV stock opened at $29.99 on Thursday. The business’s 50-day moving average is $29.00 and its 200 day moving average is $28.62. Federated Hermes U.S. Strategic Dividend ETF has a 12-month low of $24.39 and a 12-month high of $30.15. The stock has a market cap of $596.80 million, a price-to-earnings ratio of 16.95 and a beta of 0.63.

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.