Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) Stake Cut by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in shares of Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 80.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,000 shares of the company’s stock after selling 358,000 shares during the quarter. Federated Hermes Inc. owned 2.43% of Federated Hermes Total Return Bond ETF worth $2,090,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FTRB. Schneider Downs Wealth Management Advisors LP boosted its stake in shares of Federated Hermes Total Return Bond ETF by 412.6% during the 2nd quarter. Schneider Downs Wealth Management Advisors LP now owns 240,796 shares of the company’s stock valued at $5,967,000 after buying an additional 193,819 shares during the period. Claro Advisors LLC acquired a new stake in Federated Hermes Total Return Bond ETF during the second quarter valued at $421,000. Cambridge Investment Research Advisors Inc. grew its stake in Federated Hermes Total Return Bond ETF by 9.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 171,117 shares of the company’s stock valued at $4,240,000 after purchasing an additional 15,169 shares in the last quarter. Hills Bank & Trust Co acquired a new position in Federated Hermes Total Return Bond ETF in the 2nd quarter worth about $36,524,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Federated Hermes Total Return Bond ETF by 23.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,008 shares of the company’s stock worth $446,000 after purchasing an additional 3,419 shares in the last quarter.

Federated Hermes Total Return Bond ETF Price Performance

FTRB stock opened at $25.89 on Friday. The firm has a 50 day moving average of $25.50 and a two-hundred day moving average of $24.98. Federated Hermes Total Return Bond ETF has a 12 month low of $24.19 and a 12 month high of $26.79.

Federated Hermes Total Return Bond ETF 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.