DAVENPORT & Co LLC Has $1.07 Million Stock Holdings in Federated Hermes U.S. Strategic Dividend ETF $FDV

DAVENPORT & Co LLC increased its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 155.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,420 shares of the company’s stock after purchasing an additional 22,794 shares during the quarter. DAVENPORT & Co LLC owned 0.19% of Federated Hermes U.S. Strategic Dividend ETF worth $1,071,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of FDV. Royal Bank of Canada lifted its stake in Federated Hermes U.S. Strategic Dividend ETF by 3.6% in the first quarter. Royal Bank of Canada now owns 156,275 shares of the company’s stock valued at $4,401,000 after buying an additional 5,448 shares in the last quarter. Gateway Wealth Partners LLC increased its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 4.7% during the second quarter. Gateway Wealth Partners LLC now owns 11,402 shares of the company’s stock worth $313,000 after acquiring an additional 508 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 8.5% during the second quarter. NewEdge Advisors LLC now owns 257,106 shares of the company’s stock worth $7,060,000 after acquiring an additional 20,200 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 283.0% during the second quarter. Raymond James Financial Inc. now owns 2,182,715 shares of the company’s stock worth $59,937,000 after acquiring an additional 1,612,810 shares during the period. Finally, Jane Street Group LLC bought a new stake in Federated Hermes U.S. Strategic Dividend ETF in the 2nd quarter valued at $690,000.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

Shares of NYSEARCA FDV opened at $30.53 on Monday. The firm has a market cap of $601.44 million, a PE ratio of 16.95 and a beta of 0.63. Federated Hermes U.S. Strategic Dividend ETF has a 1-year low of $24.39 and a 1-year high of $35.11. The company has a fifty day moving average price of $30.98 and a 200 day moving average price of $29.47.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a $0.0624 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, February 27th.

Federated Hermes U.S. Strategic Dividend ETF Company 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. FDV was launched on Nov 15, 2022 and is managed by Federated Hermes.