Federated Hermes U.S. Strategic Dividend ETF $FDV Shares Acquired by Truist Financial Corp

Truist Financial Corp increased its stake in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 24.2% in the fourth quarter, HoldingsChannel reports. The firm owned 446,610 shares of the company’s stock after buying an additional 86,948 shares during the quarter. Truist Financial Corp’s holdings in Federated Hermes U.S. Strategic Dividend ETF were worth $12,778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FDV. Wealthcare Advisory Partners LLC boosted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 0.9% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 43,503 shares of the company’s stock worth $1,245,000 after purchasing an additional 390 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 4.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 11,950 shares of the company’s stock valued at $342,000 after buying an additional 508 shares during the last quarter. Intrua Financial LLC raised its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 4.1% in the third quarter. Intrua Financial LLC now owns 22,010 shares of the company’s stock valued at $630,000 after buying an additional 860 shares during the last quarter. Colonial Trust Co SC purchased a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the third quarter valued at approximately $50,000. Finally, Private Advisor Group LLC lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 1.3% during the third quarter. Private Advisor Group LLC now owns 168,951 shares of the company’s stock valued at $4,835,000 after buying an additional 2,097 shares during the period.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

Shares of NYSEARCA FDV opened at $30.93 on Friday. The firm has a market cap of $736.13 million, a P/E ratio of 16.95 and a beta of 0.53. Federated Hermes U.S. Strategic Dividend ETF has a 1 year low of $26.58 and a 1 year high of $35.11. The firm’s 50 day moving average price is $31.00 and its 200 day moving average price is $29.94.

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.