Wealth Enhancement Advisory Services LLC Buys 34,553 Shares of Federated Hermes Total Return Bond ETF $FTRB

Wealth Enhancement Advisory Services LLC raised its stake in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 420.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,762 shares of the company’s stock after purchasing an additional 34,553 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.33% of Federated Hermes Total Return Bond ETF worth $1,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC acquired a new position in shares of Federated Hermes Total Return Bond ETF during the second quarter valued at about $33,000. Motco raised its holdings in Federated Hermes Total Return Bond ETF by 319.3% in the 2nd quarter. Motco now owns 3,040 shares of the company’s stock valued at $76,000 after acquiring an additional 2,315 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Federated Hermes Total Return Bond ETF by 38.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,608 shares of the company’s stock worth $91,000 after acquiring an additional 1,007 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in shares of Federated Hermes Total Return Bond ETF during the 2nd quarter worth approximately $123,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Federated Hermes Total Return Bond ETF during the second quarter valued at approximately $482,000.

Federated Hermes Total Return Bond ETF Trading Down 0.1%

Shares of NYSEARCA FTRB opened at $25.34 on Tuesday. The firm has a market capitalization of $418.11 million, a price-to-earnings ratio of 8.09 and a beta of 0.14. Federated Hermes Total Return Bond ETF has a one year low of $24.40 and a one year high of $25.84. The business has a fifty day simple moving average of $25.46 and a 200 day simple moving average of $25.41.

Federated Hermes Total Return Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were paid a $0.0565 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 2.7%.

Federated Hermes Total Return Bond ETF Company Profile

The Federated Hermes Total Return Bond ETF (FTRB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking total returns from a core portfolio of US fixed-income securities with varying credit ratings and maturity. The fund selects securities through its Alpha Pod Process. FTRB was launched on Jan 2, 2024 and is issued by Federated Hermes.