Retirement Planning Group LLC cut its holdings in shares of Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB – Free Report) by 16.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 522,404 shares of the company’s stock after selling 101,004 shares during the period. Retirement Planning Group LLC owned 1.78% of Federated Hermes Total Return Bond ETF worth $12,512,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Federated Hermes Total Return Bond ETF by 8.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 874,340 shares of the company’s stock valued at $21,942,000 after purchasing an additional 67,693 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Federated Hermes Total Return Bond ETF by 10.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 233,990 shares of the company’s stock worth $5,872,000 after buying an additional 22,192 shares during the last quarter. Citadel Advisors LLC purchased a new position in Federated Hermes Total Return Bond ETF during the 2nd quarter worth $1,087,000. Concurrent Investment Advisors LLC purchased a new position in Federated Hermes Total Return Bond ETF during the 2nd quarter worth $1,629,000. Finally, First Citizens Financial Corp increased its position in Federated Hermes Total Return Bond ETF by 12.8% during the 2nd quarter. First Citizens Financial Corp now owns 24,455 shares of the company’s stock valued at $614,000 after buying an additional 2,772 shares in the last quarter.
Federated Hermes Total Return Bond ETF Stock Down 0.3%
FTRB opened at $24.18 on Tuesday. The company has a market cap of $710.89 million, a P/E ratio of 8.09 and a beta of 0.13. The firm’s 50-day moving average price is $24.44 and its 200-day moving average price is $24.85. Federated Hermes Total Return Bond ETF has a 52-week low of $23.86 and a 52-week high of $25.79.
Federated Hermes Total Return Bond ETF Company 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.
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