Janney Montgomery Scott LLC Sells 63,764 Shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV)

Janney Montgomery Scott LLC decreased its position in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 55.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,144 shares of the company’s stock after selling 63,764 shares during the period. Janney Montgomery Scott LLC owned approximately 1.31% of Federated Hermes U.S. Strategic Dividend ETF worth $1,360,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Truist Financial Corp raised its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 6.5% in the 2nd quarter. Truist Financial Corp now owns 23,255 shares of the company’s stock valued at $578,000 after purchasing an additional 1,414 shares during the period. Sanctuary Advisors LLC bought a new stake in Federated Hermes U.S. Strategic Dividend ETF in the 2nd quarter valued at approximately $1,791,000. Priebe Wealth Holdings LLC boosted its position in Federated Hermes U.S. Strategic Dividend ETF by 6.7% during the 3rd quarter. Priebe Wealth Holdings LLC now owns 25,325 shares of the company’s stock worth $707,000 after acquiring an additional 1,600 shares during the last quarter. Concourse Financial Group Securities Inc. acquired a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF in the third quarter valued at approximately $27,000. Finally, NBC Securities Inc. acquired a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF in the third quarter valued at approximately $195,000.

Federated Hermes U.S. Strategic Dividend ETF Stock Down 0.2 %

Shares of Federated Hermes U.S. Strategic Dividend ETF stock opened at $27.48 on Wednesday. The business’s 50 day moving average is $27.25 and its 200-day moving average is $27.34. The stock has a market cap of $107.17 million, a P/E ratio of 14.90 and a beta of 0.60. Federated Hermes U.S. Strategic Dividend ETF has a 12-month low of $23.25 and a 12-month high of $28.66.

Federated Hermes U.S. Strategic Dividend ETF Increases Dividend

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

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.