Federated Hermes Inc. Makes New Investment in Federated Hermes Short Duration Corporate ETF $FCSH

Federated Hermes Inc. bought a new stake in Federated Hermes Short Duration Corporate ETF (NYSEARCA:FCSH) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,065,689 shares of the company’s stock, valued at approximately $50,434,000. Federated Hermes Inc. owned approximately 79.45% of Federated Hermes Short Duration Corporate ETF as of its most recent filing with the SEC.

Federated Hermes Short Duration Corporate ETF Price Performance

Shares of Federated Hermes Short Duration Corporate ETF stock opened at $24.50 on Friday. The business has a 50-day moving average price of $24.47 and a 200 day moving average price of $24.45. Federated Hermes Short Duration Corporate ETF has a fifty-two week low of $23.87 and a fifty-two week high of $24.64.

Federated Hermes Short Duration Corporate ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 30th will be issued a $0.0842 dividend. This is a positive change from Federated Hermes Short Duration Corporate ETF’s previous monthly dividend of $0.08. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

About Federated Hermes Short Duration Corporate ETF

The Federated Hermes Short Duration Corporate ETF (FCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks high current income through the active management of short-term US dollar-denominated corporate debt securities that are rated investment-grade. FCSH was launched on Dec 16, 2021 and is managed by Federated Hermes.