Federated Hermes U.S. Strategic Dividend ETF $FDV is Fourpath Capital Management LLC’s 5th Largest Position

Fourpath Capital Management LLC lifted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 27.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 764,509 shares of the company’s stock after buying an additional 164,496 shares during the quarter. Federated Hermes U.S. Strategic Dividend ETF makes up approximately 3.0% of Fourpath Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Fourpath Capital Management LLC owned approximately 3.86% of Federated Hermes U.S. Strategic Dividend ETF worth $21,873,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FDV. Thrivent Financial for Lutherans purchased a new stake in Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter worth $47,767,000. Raymond James Financial Inc. grew its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 283.0% in the second quarter. Raymond James Financial Inc. now owns 2,182,715 shares of the company’s stock valued at $59,937,000 after purchasing an additional 1,612,810 shares during the period. Bank of America Corp DE grew its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 1,765.1% in the third quarter. Bank of America Corp DE now owns 219,318 shares of the company’s stock valued at $6,277,000 after purchasing an additional 207,559 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 17.7% during the third quarter. Envestnet Asset Management Inc. now owns 567,040 shares of the company’s stock worth $16,229,000 after purchasing an additional 85,087 shares in the last quarter. Finally, Lantz Financial LLC increased its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 15.3% during the fourth quarter. Lantz Financial LLC now owns 393,055 shares of the company’s stock worth $11,245,000 after purchasing an additional 52,130 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

FDV opened at $30.91 on Monday. The company has a market cap of $618.20 million, a PE ratio of 16.95 and a beta of 0.59. Federated Hermes U.S. Strategic Dividend ETF has a twelve month low of $25.29 and a twelve month high of $35.11. The company has a 50-day moving average price of $31.17 and a 200 day moving average price of $29.64.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a $0.0624 dividend. This represents a c) annualized dividend and a yield of 2.4%. 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.