319,059 Shares in Federated Hermes MDT Large Cap Growth ETF $FLCG Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. purchased a new position in Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 319,059 shares of the company’s stock, valued at approximately $9,632,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Truist Financial Corp purchased a new stake in Federated Hermes MDT Large Cap Growth ETF during the 2nd quarter valued at approximately $372,000. Towerpoint Wealth LLC grew its stake in Federated Hermes MDT Large Cap Growth ETF by 17.6% during the second quarter. Towerpoint Wealth LLC now owns 46,469 shares of the company’s stock valued at $1,403,000 after acquiring an additional 6,949 shares in the last quarter. Capital Analysts LLC grew its stake in Federated Hermes MDT Large Cap Growth ETF by 82.7% during the first quarter. Capital Analysts LLC now owns 3,981 shares of the company’s stock valued at $103,000 after acquiring an additional 1,802 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in Federated Hermes MDT Large Cap Growth ETF in the 1st quarter valued at $161,777,000.

Federated Hermes MDT Large Cap Growth ETF Stock Up 0.1%

FLCG opened at $32.46 on Monday. The company has a market capitalization of $272.66 million, a PE ratio of 32.19 and a beta of 1.25. The firm has a 50-day simple moving average of $32.51 and a two-hundred day simple moving average of $30.57. Federated Hermes MDT Large Cap Growth ETF has a 52 week low of $22.51 and a 52 week high of $34.21.

About Federated Hermes MDT Large Cap Growth ETF

The Federated Hermes MDT Large Cap Growth ETF (FLCG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies with higher forecasted growth values that are within the Russell 1000 Growth Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCG was launched on Jul 30, 2024 and is issued by Federated Hermes.