Thrivent Financial for Lutherans Invests $1.76 Million in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV)

Thrivent Financial for Lutherans acquired a new stake in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 62,322 shares of the company’s stock, valued at approximately $1,761,000. Thrivent Financial for Lutherans owned about 1.60% of Federated Hermes U.S. Strategic Dividend ETF at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FDV. Raymond James Financial Inc. bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF in the 4th quarter valued at $14,180,000. Truist Financial Corp grew its position in Federated Hermes U.S. Strategic Dividend ETF by 287.5% in the fourth quarter. Truist Financial Corp now owns 260,399 shares of the company’s stock valued at $6,927,000 after acquiring an additional 193,203 shares during the last quarter. Hilltop Holdings Inc. raised its stake in Federated Hermes U.S. Strategic Dividend ETF by 464.8% during the third quarter. Hilltop Holdings Inc. now owns 69,159 shares of the company’s stock worth $1,930,000 after acquiring an additional 56,915 shares in the last quarter. Ascension Capital Advisors Inc. lifted its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 3.5% in the fourth quarter. Ascension Capital Advisors Inc. now owns 1,110,399 shares of the company’s stock worth $29,537,000 after acquiring an additional 37,756 shares during the last quarter. Finally, Priebe Wealth Holdings LLC boosted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 99.1% in the 4th quarter. Priebe Wealth Holdings LLC now owns 50,425 shares of the company’s stock valued at $1,341,000 after purchasing an additional 25,100 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

FDV stock opened at $27.91 on Friday. The stock has a market cap of $283.84 million, a price-to-earnings ratio of 20.55 and a beta of 0.69. The company has a 50 day simple moving average of $27.94 and a 200 day simple moving average of $27.70. Federated Hermes U.S. Strategic Dividend ETF has a 1 year low of $23.62 and a 1 year high of $28.90.

Federated Hermes U.S. Strategic Dividend ETF Increases Dividend

The business also recently declared 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 was Friday, January 31st. This is an increase from Federated Hermes U.S. Strategic Dividend ETF’s previous dividend of $0.06.

Federated Hermes U.S. Strategic Dividend ETF Company 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.