Royal Bank of Canada Sells 31,638 Shares of Federated Hermes U.S. Strategic Dividend ETF $FDV

Royal Bank of Canada reduced its stake in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 312,281 shares of the company’s stock after selling 31,638 shares during the period. Royal Bank of Canada owned 1.31% of Federated Hermes U.S. Strategic Dividend ETF worth $9,618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FDV. Comerica Bank bought a new position in Federated Hermes U.S. Strategic Dividend ETF in the 3rd quarter valued at about $100,000. Fifth Third Bancorp bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the first quarter worth approximately $108,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 590.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,174 shares of the company’s stock worth $148,000 after purchasing an additional 4,425 shares during the period. Betterment LLC acquired a new stake in Federated Hermes U.S. Strategic Dividend ETF during the 4th quarter worth approximately $212,000. Finally, Financial Council LLC acquired a new stake in Federated Hermes U.S. Strategic Dividend ETF during the 1st quarter worth approximately $279,000.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

FDV opened at $33.18 on Monday. The business has a fifty day simple moving average of $32.11 and a 200 day simple moving average of $31.41. The company has a market capitalization of $885.91 million, a PE ratio of 16.95 and a beta of 0.49. Federated Hermes U.S. Strategic Dividend ETF has a 1 year low of $27.76 and a 1 year high of $35.11.

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.