Stegent Equity Advisors Inc. Purchases Shares of 91,484 Federated Hermes MDT Large Cap Growth ETF $FLCG

Stegent Equity Advisors Inc. acquired a new position in Federated Hermes MDT Large Cap Growth ETF (NYSEARCA:FLCG) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 91,484 shares of the company’s stock, valued at approximately $2,986,000. Federated Hermes MDT Large Cap Growth ETF comprises approximately 2.4% of Stegent Equity Advisors Inc.’s investment portfolio, making the stock its 9th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MGO One Seven LLC acquired a new stake in Federated Hermes MDT Large Cap Growth ETF during the third quarter valued at approximately $5,297,000. Commonwealth Equity Services LLC increased its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 1.1% in the third quarter. Commonwealth Equity Services LLC now owns 6,599,782 shares of the company’s stock valued at $215,417,000 after buying an additional 70,103 shares in the last quarter. Towerpoint Wealth LLC increased its holdings in shares of Federated Hermes MDT Large Cap Growth ETF by 28.8% in the third quarter. Towerpoint Wealth LLC now owns 59,867 shares of the company’s stock valued at $1,954,000 after buying an additional 13,398 shares in the last quarter. MML Investors Services LLC acquired a new stake in shares of Federated Hermes MDT Large Cap Growth ETF during the 2nd quarter valued at $9,357,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Federated Hermes MDT Large Cap Growth ETF during the 2nd quarter worth $9,632,000.

Federated Hermes MDT Large Cap Growth ETF Stock Down 0.3%

Shares of NYSEARCA FLCG opened at $32.56 on Friday. The stock’s fifty day simple moving average is $32.87 and its 200 day simple moving average is $32.18. The stock has a market capitalization of $361.42 million, a price-to-earnings ratio of 32.19 and a beta of 1.25. Federated Hermes MDT Large Cap Growth ETF has a 52-week low of $22.51 and a 52-week high of $34.21.

About Federated Hermes MDT Large Cap Growth ETF

The Federated Hermes MDT Large Cap Growth ETF (FLCG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing primarily in large-cap US companies with higher forecasted growth values that are within the Russell 1000 Growth Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FLCG was launched on Jul 30, 2024 and is issued by Federated Hermes.