Federated Hermes Total Return Bond ETF $FTRB Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in shares of Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 250.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 149,851 shares of the company’s stock after buying an additional 107,089 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Federated Hermes Total Return Bond ETF were worth $3,809,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FTRB. Jane Street Group LLC raised its holdings in shares of Federated Hermes Total Return Bond ETF by 277.9% in the 1st quarter. Jane Street Group LLC now owns 65,221 shares of the company’s stock valued at $1,634,000 after buying an additional 47,962 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Federated Hermes Total Return Bond ETF by 38.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,608 shares of the company’s stock valued at $91,000 after acquiring an additional 1,007 shares during the period. Quantum Portfolio Management LLC grew its position in Federated Hermes Total Return Bond ETF by 15.9% in the 2nd quarter. Quantum Portfolio Management LLC now owns 191,161 shares of the company’s stock valued at $4,798,000 after acquiring an additional 26,200 shares in the last quarter. Raymond James Financial Inc. increased its stake in Federated Hermes Total Return Bond ETF by 1,493.6% during the second quarter. Raymond James Financial Inc. now owns 890,977 shares of the company’s stock worth $22,364,000 after purchasing an additional 835,066 shares during the period. Finally, Semmax Financial Advisors Inc. purchased a new stake in Federated Hermes Total Return Bond ETF during the second quarter worth about $123,000.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of FTRB opened at $25.15 on Wednesday. The company’s 50-day simple moving average is $25.40 and its 200-day simple moving average is $25.47. Federated Hermes Total Return Bond ETF has a 1 year low of $24.40 and a 1 year high of $25.84. The stock has a market capitalization of $414.98 million, a PE ratio of 8.09 and a beta of 0.14.

Federated Hermes Total Return Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a $0.0887 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a yield of 4.2%. This is a boost from Federated Hermes Total Return Bond ETF’s previous monthly dividend of $0.06.

Federated Hermes Total Return Bond ETF Profile

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.