Envestnet Asset Management Inc. Increases Position in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV)

Envestnet Asset Management Inc. grew its stake in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 48.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 416,591 shares of the company’s stock after acquiring an additional 136,479 shares during the quarter. Envestnet Asset Management Inc. owned about 3.52% of Federated Hermes U.S. Strategic Dividend ETF worth $11,731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. purchased a new position in Federated Hermes U.S. Strategic Dividend ETF during the 1st quarter worth $465,000. Cetera Investment Advisers grew its stake in Federated Hermes U.S. Strategic Dividend ETF by 51.2% during the 4th quarter. Cetera Investment Advisers now owns 30,457 shares of the company’s stock worth $810,000 after buying an additional 10,307 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in Federated Hermes U.S. Strategic Dividend ETF during the 4th quarter worth $1,761,000. HighTower Advisors LLC purchased a new position in Federated Hermes U.S. Strategic Dividend ETF during the 4th quarter worth $300,000. Finally, LPL Financial LLC grew its stake in Federated Hermes U.S. Strategic Dividend ETF by 95.5% during the 4th quarter. LPL Financial LLC now owns 414,076 shares of the company’s stock worth $11,014,000 after buying an additional 202,264 shares during the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

Shares of FDV opened at $28.21 on Friday. The stock has a 50-day moving average of $27.50 and a two-hundred day moving average of $27.36. Federated Hermes U.S. Strategic Dividend ETF has a one year low of $24.39 and a one year high of $29.20. The stock has a market cap of $416.94 million, a P/E ratio of 16.95 and a beta of 0.96.

Federated Hermes U.S. Strategic Dividend ETF Profile

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.