Royal Bank of Canada trimmed its stake in Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG – Free Report) by 28.3% in the first quarter, Holdings Channel.com reports. The firm owned 104,441 shares of the company’s stock after selling 41,271 shares during the quarter. Royal Bank of Canada’s holdings in Federated Hermes MDT Large Cap Growth ETF were worth $3,122,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Advisory Services LLC boosted its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 24.3% in the 1st quarter. Kestra Advisory Services LLC now owns 979,209 shares of the company’s stock valued at $29,278,000 after purchasing an additional 191,570 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Federated Hermes MDT Large Cap Growth ETF by 41.7% during the 1st quarter. Sanctuary Advisors LLC now owns 115,455 shares of the company’s stock valued at $3,452,000 after buying an additional 33,955 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Federated Hermes MDT Large Cap Growth ETF during the 1st quarter worth $545,000. Benjamin Edwards Inc. acquired a new stake in shares of Federated Hermes MDT Large Cap Growth ETF during the 4th quarter worth $19,330,000. Finally, Cetera Investment Advisers purchased a new position in shares of Federated Hermes MDT Large Cap Growth ETF in the 1st quarter worth $1,481,000.
Federated Hermes MDT Large Cap Growth ETF Trading Down 0.6%
Shares of Federated Hermes MDT Large Cap Growth ETF stock opened at $35.66 on Friday. Federated Hermes MDT Large Cap Growth ETF has a twelve month low of $28.69 and a twelve month high of $36.02. The stock has a market capitalization of $613.35 million, a P/E ratio of 32.19 and a beta of 1.19. The business’s fifty day moving average price is $33.84 and its 200 day moving average price is $32.80.
Federated Hermes MDT Large Cap Growth ETF Company Profile
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.
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