Envestnet Asset Management Inc. Lowers Stake in Federated Hermes MDT Large Cap Core ETF $FLCC

Envestnet Asset Management Inc. decreased its position in shares of Federated Hermes MDT Large Cap Core ETF (NYSEARCA:FLCC) by 70.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 24,017 shares of the company’s stock after selling 57,096 shares during the period. Envestnet Asset Management Inc. owned 1.41% of Federated Hermes MDT Large Cap Core ETF worth $770,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FLCC. Delta Investment Management LLC acquired a new position in Federated Hermes MDT Large Cap Core ETF in the 3rd quarter valued at $13,705,000. DAVENPORT & Co LLC purchased a new stake in shares of Federated Hermes MDT Large Cap Core ETF in the third quarter valued at $371,000. Cox Capital Mgt LLC purchased a new stake in shares of Federated Hermes MDT Large Cap Core ETF in the third quarter valued at $2,516,000. Finally, Victory Financial Group LLC increased its stake in Federated Hermes MDT Large Cap Core ETF by 85.5% in the second quarter. Victory Financial Group LLC now owns 149,516 shares of the company’s stock valued at $4,529,000 after purchasing an additional 68,913 shares during the last quarter.

Federated Hermes MDT Large Cap Core ETF Trading Up 0.7%

Shares of NYSEARCA:FLCC opened at $32.25 on Thursday. The stock’s 50-day moving average price is $32.46 and its two-hundred day moving average price is $32.13. Federated Hermes MDT Large Cap Core ETF has a 12-month low of $23.28 and a 12-month high of $33.24. The firm has a market cap of $61.28 million, a price-to-earnings ratio of 24.00 and a beta of 1.08.

Federated Hermes MDT Large Cap Core ETF Company Profile

The Federated Hermes MDT Large Cap Core ETF (FLCC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies within the Russell 1000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management. FLCC was launched on Jul 30, 2024 and is issued by Federated Hermes.