Envestnet Asset Management Inc. Sells 44,821 Shares of Federated Hermes Total Return Bond ETF $FTRB

Envestnet Asset Management Inc. lowered its holdings in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 6.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 619,685 shares of the company’s stock after selling 44,821 shares during the quarter. Envestnet Asset Management Inc. owned 4.69% of Federated Hermes Total Return Bond ETF worth $15,734,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FTRB. CWM LLC acquired a new position in Federated Hermes Total Return Bond ETF during the 2nd quarter valued at $33,000. Motco increased its holdings in shares of Federated Hermes Total Return Bond ETF by 319.3% during the 2nd quarter. Motco now owns 3,040 shares of the company’s stock worth $76,000 after purchasing an additional 2,315 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Federated Hermes Total Return Bond ETF by 38.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,608 shares of the company’s stock valued at $91,000 after buying an additional 1,007 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new position in shares of Federated Hermes Total Return Bond ETF during the second quarter valued at about $123,000. Finally, Prosperity Financial Group Inc. lifted its stake in shares of Federated Hermes Total Return Bond ETF by 7.0% in the second quarter. Prosperity Financial Group Inc. now owns 31,346 shares of the company’s stock valued at $787,000 after buying an additional 2,043 shares during the period.

Federated Hermes Total Return Bond ETF Stock Up 0.3%

Federated Hermes Total Return Bond ETF stock opened at $25.65 on Monday. The business has a 50 day moving average price of $25.44 and a two-hundred day moving average price of $25.44. Federated Hermes Total Return Bond ETF has a 12 month low of $24.40 and a 12 month high of $25.84. The stock has a market cap of $423.23 million, a price-to-earnings ratio of 8.09 and a beta of 0.14.

Federated Hermes Total Return Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were paid a dividend of $0.0565 per share. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, January 30th.

Federated Hermes Total Return Bond ETF Company Profile

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.