Envestnet Asset Management Inc. Purchases 85,087 Shares of Federated Hermes U.S. Strategic Dividend ETF $FDV

Envestnet Asset Management Inc. increased its stake in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 17.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 567,040 shares of the company’s stock after buying an additional 85,087 shares during the period. Envestnet Asset Management Inc. owned 3.42% of Federated Hermes U.S. Strategic Dividend ETF worth $16,229,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 156,275 shares of the company’s stock worth $4,401,000 after buying an additional 5,448 shares in the last quarter. Claro Advisors LLC lifted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 13.0% in the second quarter. Claro Advisors LLC now owns 19,310 shares of the company’s stock valued at $530,000 after buying an additional 2,225 shares during the period. Ascension Capital Advisors Inc. grew its holdings in Federated Hermes U.S. Strategic Dividend ETF by 0.7% during the 2nd quarter. Ascension Capital Advisors Inc. now owns 1,127,603 shares of the company’s stock worth $30,964,000 after acquiring an additional 7,367 shares during the period. Intrua Financial LLC boosted its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 113.6% during the 2nd quarter. Intrua Financial LLC now owns 21,150 shares of the company’s stock valued at $581,000 after purchasing an additional 11,250 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Federated Hermes U.S. Strategic Dividend ETF by 67.3% in the second quarter. Cetera Investment Advisers now owns 187,410 shares of the company’s stock worth $5,146,000 after purchasing an additional 75,419 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

NYSEARCA:FDV opened at $31.99 on Monday. Federated Hermes U.S. Strategic Dividend ETF has a one year low of $24.39 and a one year high of $32.07. The company has a market cap of $630.20 million, a PE ratio of 16.95 and a beta of 0.63. The firm has a 50-day moving average of $29.61 and a 200-day moving average of $28.87.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were issued a $0.0696 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, January 30th.

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.