Thrivent Financial for Lutherans Grows Position in Federated Hermes U.S. Strategic Dividend ETF $FDV

Thrivent Financial for Lutherans lifted its position in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,758,936 shares of the company’s stock after buying an additional 89,928 shares during the quarter. Thrivent Financial for Lutherans owned approximately 8.93% of Federated Hermes U.S. Strategic Dividend ETF worth $50,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Truist Financial Corp lifted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 24.2% in the fourth quarter. Truist Financial Corp now owns 446,610 shares of the company’s stock worth $12,778,000 after buying an additional 86,948 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings 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 worth $342,000 after buying an additional 508 shares in the last quarter. Fourpath Capital Management LLC lifted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 27.4% in the fourth quarter. Fourpath Capital Management LLC now owns 764,509 shares of the company’s stock worth $21,873,000 after buying an additional 164,496 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF in the fourth quarter worth about $432,000. Finally, Lantz Financial LLC lifted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 15.3% in the fourth quarter. Lantz Financial LLC now owns 393,055 shares of the company’s stock worth $11,245,000 after buying an additional 52,130 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Trading Down 0.5%

Shares of Federated Hermes U.S. Strategic Dividend ETF stock opened at $30.76 on Friday. Federated Hermes U.S. Strategic Dividend ETF has a 12-month low of $26.62 and a 12-month high of $35.11. The company has a market cap of $732.09 million, a price-to-earnings ratio of 16.95 and a beta of 0.53. The company’s 50-day moving average price is $30.89 and its 200-day moving average price is $30.02.

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.