Truist Financial Corp Boosts Stock Position in Federated Hermes U.S. Strategic Dividend ETF $FDV

Truist Financial Corp grew its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 24.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 446,610 shares of the company’s stock after buying an additional 86,948 shares during the period. Truist Financial Corp owned 2.24% of Federated Hermes U.S. Strategic Dividend ETF worth $12,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in FDV. Colonial Trust Co SC purchased a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter valued at about $50,000. Comerica Bank purchased a new position in Federated Hermes U.S. Strategic Dividend ETF in the third quarter valued at approximately $100,000. Kingswood Wealth Advisors LLC increased its stake in Federated Hermes U.S. Strategic Dividend ETF by 15.2% in the third quarter. Kingswood Wealth Advisors LLC now owns 11,442 shares of the company’s stock valued at $327,000 after purchasing an additional 1,508 shares during the last quarter. Bank of America Corp DE raised its holdings in Federated Hermes U.S. Strategic Dividend ETF by 29.3% during the second quarter. Bank of America Corp DE now owns 11,759 shares of the company’s stock worth $323,000 after purchasing an additional 2,664 shares in the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF during the 4th quarter worth approximately $432,000.

Federated Hermes U.S. Strategic Dividend ETF Trading Down 0.6%

Shares of Federated Hermes U.S. Strategic Dividend ETF stock opened at $30.93 on Friday. The company has a fifty day simple moving average of $31.00 and a 200-day simple moving average of $29.94. Federated Hermes U.S. Strategic Dividend ETF has a 12-month low of $26.58 and a 12-month high of $35.11. The stock has a market cap of $736.13 million, a price-to-earnings ratio of 16.95 and a beta of 0.53.

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