Gateway Wealth Partners LLC Raises Stock Position in Federated Hermes U.S. Strategic Dividend ETF $FDV

Gateway Wealth Partners LLC grew its stake in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 156.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,596 shares of the company’s stock after acquiring an additional 17,427 shares during the period. Gateway Wealth Partners LLC owned about 0.12% of Federated Hermes U.S. Strategic Dividend ETF worth $881,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FDV. Raymond James Financial Inc. increased its stake in Federated Hermes U.S. Strategic Dividend ETF by 283.0% in the 2nd quarter. Raymond James Financial Inc. now owns 2,182,715 shares of the company’s stock valued at $59,937,000 after purchasing an additional 1,612,810 shares in the last quarter. Federated Hermes Inc. purchased a new stake in Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter worth $26,135,000. JPMorgan Chase & Co. purchased a new stake in Federated Hermes U.S. Strategic Dividend ETF during the fourth quarter worth $19,173,000. LPL Financial LLC grew its holdings in Federated Hermes U.S. Strategic Dividend ETF by 16.0% in the fourth quarter. LPL Financial LLC now owns 2,621,893 shares of the company’s stock valued at $75,012,000 after purchasing an additional 361,737 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 1,765.1% in the third quarter. Bank of America Corp DE now owns 219,318 shares of the company’s stock valued at $6,277,000 after buying an additional 207,559 shares in the last quarter.

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

NYSEARCA:FDV opened at $33.57 on Thursday. The company has a market capitalization of $866.11 million, a PE ratio of 16.95 and a beta of 0.51. Federated Hermes U.S. Strategic Dividend ETF has a 52-week low of $27.50 and a 52-week high of $35.11. The stock has a fifty day simple moving average of $31.88 and a 200-day simple moving average of $31.23.

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. FDV was launched on Nov 15, 2022 and is managed by Federated Hermes.