Truist Financial Corp Increases Position in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV)

Truist Financial Corp grew its holdings in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 287.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 260,399 shares of the company’s stock after buying an additional 193,203 shares during the period. Truist Financial Corp owned 6.68% of Federated Hermes U.S. Strategic Dividend ETF worth $6,927,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FDV. Gateway Wealth Partners LLC purchased a new position in Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter worth about $263,000. Gladstone Institutional Advisory LLC purchased a new position in Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter worth about $283,000. Essex Financial Services Inc. purchased a new position in Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter worth about $333,000. Strategic Financial Concepts LLC purchased a new position in Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter worth about $509,000. Finally, Priebe Wealth Holdings LLC raised its holdings in Federated Hermes U.S. Strategic Dividend ETF by 99.1% during the fourth quarter. Priebe Wealth Holdings LLC now owns 50,425 shares of the company’s stock worth $1,341,000 after purchasing an additional 25,100 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Trading Up 0.1 %

Shares of FDV opened at $28.47 on Friday. The firm’s 50-day moving average is $27.27 and its two-hundred day moving average is $27.49. Federated Hermes U.S. Strategic Dividend ETF has a twelve month low of $23.62 and a twelve month high of $28.66. The firm has a market capitalization of $111.03 million, a P/E ratio of 14.90 and a beta of 0.60.

Federated Hermes U.S. Strategic Dividend ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were given a dividend of $0.0662 per share. This is a positive change from Federated Hermes U.S. Strategic Dividend ETF’s previous dividend of $0.06. The ex-dividend date of this dividend was Friday, January 31st.

Federated Hermes U.S. Strategic Dividend ETF 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.