Great Valley Advisor Group Inc. Buys 148,995 Shares of Federated Hermes U.S. Strategic Dividend ETF $FDV

Great Valley Advisor Group Inc. increased its stake in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 9.3% in the fourth quarter, HoldingsChannel reports. The fund owned 1,742,820 shares of the company’s stock after purchasing an additional 148,995 shares during the period. Federated Hermes U.S. Strategic Dividend ETF makes up about 1.0% of Great Valley Advisor Group Inc.’s portfolio, making the stock its 22nd biggest position. Great Valley Advisor Group Inc. owned about 0.09% of Federated Hermes U.S. Strategic Dividend ETF worth $49,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Colonial Trust Co SC bought a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter valued at about $50,000. Comerica Bank bought a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter valued at about $100,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 590.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,174 shares of the company’s stock valued at $148,000 after acquiring an additional 4,425 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 29.3% in the 2nd quarter. Bank of America Corp DE now owns 11,759 shares of the company’s stock valued at $323,000 after acquiring an additional 2,664 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF in the 4th quarter valued at about $327,000.

Federated Hermes U.S. Strategic Dividend ETF Trading Up 0.1%

NYSEARCA FDV opened at $31.83 on Friday. Federated Hermes U.S. Strategic Dividend ETF has a 1-year low of $27.08 and a 1-year high of $35.11. The firm has a market cap of $757.55 million, a PE ratio of 16.95 and a beta of 0.51. The stock has a 50-day moving average of $31.13 and a 200-day moving average of $30.44.

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