Broadway Wealth Solutions Inc. Has $26.32 Million Position in Federated Hermes Total Return Bond ETF $FTRB

Broadway Wealth Solutions Inc. grew its holdings in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,036,532 shares of the company’s stock after acquiring an additional 59,699 shares during the quarter. Federated Hermes Total Return Bond ETF accounts for 14.1% of Broadway Wealth Solutions Inc.’s portfolio, making the stock its 3rd largest holding. Broadway Wealth Solutions Inc. owned approximately 6.06% of Federated Hermes Total Return Bond ETF worth $26,318,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Semmax Financial Advisors Inc. acquired a new position in shares of Federated Hermes Total Return Bond ETF in the second quarter valued at $123,000. Towerpoint Wealth LLC raised its stake in shares of Federated Hermes Total Return Bond ETF by 23.3% in the fourth quarter. Towerpoint Wealth LLC now owns 12,045 shares of the company’s stock valued at $306,000 after purchasing an additional 2,274 shares in the last quarter. First Citizens Financial Corp acquired a new position in shares of Federated Hermes Total Return Bond ETF in the fourth quarter valued at $494,000. Wesbanco Bank Inc. raised its stake in shares of Federated Hermes Total Return Bond ETF by 72.6% in the third quarter. Wesbanco Bank Inc. now owns 36,315 shares of the company’s stock valued at $922,000 after purchasing an additional 15,272 shares in the last quarter. Finally, Prosperity Financial Group Inc. raised its stake in shares of Federated Hermes Total Return Bond ETF by 23.9% in the third quarter. Prosperity Financial Group Inc. now owns 38,846 shares of the company’s stock valued at $986,000 after purchasing an additional 7,500 shares in the last quarter.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of NYSEARCA FTRB opened at $25.31 on Friday. The stock has a market cap of $478.36 million, a PE ratio of 8.09 and a beta of 0.16. The business has a fifty day moving average of $25.35 and a two-hundred day moving average of $25.44. Federated Hermes Total Return Bond ETF has a 52-week low of $24.62 and a 52-week high of $25.84.

Federated Hermes Total Return Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.0887 per share. This is a boost from Federated Hermes Total Return Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 4.2%.

Federated Hermes Total Return Bond ETF 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.