Diversified Portfolios Inc. bought a new stake in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,778 shares of the company’s stock, valued at approximately $566,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Strategic Financial Concepts LLC bought a new stake in Federated Hermes U.S. Strategic Dividend ETF in the fourth quarter valued at approximately $327,000. HighTower Advisors LLC boosted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 1.7% in the fourth quarter. HighTower Advisors LLC now owns 21,723 shares of the company’s stock valued at $622,000 after acquiring an additional 357 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,758,936 shares of the company’s stock valued at $50,875,000 after acquiring an additional 89,928 shares during the last quarter. Truist Financial Corp boosted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 24.2% in the fourth quarter. Truist Financial Corp now owns 446,610 shares of the company’s stock valued at $12,778,000 after acquiring an additional 86,948 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC boosted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 4.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 11,950 shares of the company’s stock valued at $342,000 after acquiring an additional 508 shares during the last quarter.
Federated Hermes U.S. Strategic Dividend ETF Price Performance
Shares of FDV stock opened at $31.68 on Tuesday. The business’s 50 day simple moving average is $30.93 and its 200 day simple moving average is $30.16. Federated Hermes U.S. Strategic Dividend ETF has a one year low of $26.62 and a one year high of $35.11. The stock has a market capitalization of $753.98 million, a PE ratio of 16.95 and a beta of 0.53.
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.
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