Federated Hermes Total Return Bond ETF $FTRB Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 63.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,945 shares of the company’s stock after selling 105,736 shares during the quarter. Truist Financial Corp’s holdings in Federated Hermes Total Return Bond ETF were worth $1,547,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jane Street Group LLC raised its holdings in shares of Federated Hermes Total Return Bond ETF by 277.9% during the first quarter. Jane Street Group LLC now owns 65,221 shares of the company’s stock valued at $1,634,000 after acquiring an additional 47,962 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Federated Hermes Total Return Bond ETF during the second quarter worth approximately $205,000. Janney Montgomery Scott LLC purchased a new stake in shares of Federated Hermes Total Return Bond ETF during the second quarter worth approximately $482,000. CWM LLC acquired a new position in Federated Hermes Total Return Bond ETF in the 2nd quarter valued at $33,000. Finally, Prosperity Financial Group Inc. lifted its holdings in Federated Hermes Total Return Bond ETF by 7.0% in the 2nd quarter. Prosperity Financial Group Inc. now owns 31,346 shares of the company’s stock valued at $787,000 after purchasing an additional 2,043 shares in the last quarter.

Federated Hermes Total Return Bond ETF Price Performance

Federated Hermes Total Return Bond ETF stock opened at $25.42 on Monday. Federated Hermes Total Return Bond ETF has a 52-week low of $24.40 and a 52-week high of $25.84. The firm has a market capitalization of $419.43 million, a price-to-earnings ratio of 8.09 and a beta of 0.14. The company has a fifty day simple moving average of $25.44 and a 200-day simple moving average of $25.43.

Federated Hermes Total Return Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were given a $0.0565 dividend. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%.

About Federated Hermes Total Return Bond ETF

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.