Private Advisor Group LLC Sells 12,121 Shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV)

Private Advisor Group LLC cut its holdings in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,194 shares of the company’s stock after selling 12,121 shares during the period. Private Advisor Group LLC owned approximately 4.54% of Federated Hermes U.S. Strategic Dividend ETF worth $4,713,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FDV. Gateway Wealth Partners LLC bought a new stake in Federated Hermes U.S. Strategic Dividend ETF in the fourth quarter worth $263,000. Gladstone Institutional Advisory LLC bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter valued at about $283,000. Essex Financial Services Inc. bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter valued at about $333,000. Strategic Financial Concepts LLC bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter valued at about $509,000. Finally, Priebe Wealth Holdings LLC raised its stake in shares of 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 valued at $1,341,000 after acquiring an additional 25,100 shares during the last quarter.

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

Shares of NYSEARCA:FDV opened at $28.47 on Friday. The company has a market cap of $111.03 million, a price-to-earnings ratio of 14.90 and a beta of 0.60. The company has a 50-day moving average price of $27.27 and a 200-day moving average price of $27.49. Federated Hermes U.S. Strategic Dividend ETF has a 12 month low of $23.62 and a 12 month high of $28.66.

Federated Hermes U.S. Strategic Dividend ETF Increases Dividend

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

About Federated Hermes U.S. Strategic Dividend ETF

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.