Truist Financial Corp Sells 29,808 Shares of Federated Hermes Total Return Bond ETF $FTRB

Truist Financial Corp trimmed its holdings in shares of Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 48.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,137 shares of the company’s stock after selling 29,808 shares during the quarter. Truist Financial Corp’s holdings in Federated Hermes Total Return Bond ETF were worth $791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in FTRB. Raymond James Financial Inc. grew its position in Federated Hermes Total Return Bond ETF by 1,493.6% during the second quarter. Raymond James Financial Inc. now owns 890,977 shares of the company’s stock valued at $22,364,000 after buying an additional 835,066 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Federated Hermes Total Return Bond ETF by 250.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 149,851 shares of the company’s stock valued at $3,809,000 after buying an additional 107,089 shares during the period. Allegheny Financial Group grew its position in Federated Hermes Total Return Bond ETF by 43.4% during the third quarter. Allegheny Financial Group now owns 253,500 shares of the company’s stock valued at $6,436,000 after buying an additional 76,667 shares during the period. Broadway Wealth Solutions Inc. grew its position in Federated Hermes Total Return Bond ETF by 6.1% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 1,036,532 shares of the company’s stock valued at $26,318,000 after buying an additional 59,699 shares during the period. Finally, Jane Street Group LLC grew its position in Federated Hermes Total Return Bond ETF by 277.9% during the first quarter. Jane Street Group LLC now owns 65,221 shares of the company’s stock valued at $1,634,000 after buying an additional 47,962 shares during the period.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of NYSEARCA FTRB opened at $24.92 on Monday. The firm has a market capitalization of $478.46 million, a price-to-earnings ratio of 8.09 and a beta of 0.12. Federated Hermes Total Return Bond ETF has a 12-month low of $24.62 and a 12-month high of $25.84. The firm has a 50 day moving average of $25.22 and a 200 day moving average of $25.40.

Federated Hermes Total Return Bond ETF Company Profile

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.