Jones Financial Companies Lllp Raises Stock Holdings in Federated Hermes U.S. Strategic Dividend ETF $FDV

Jones Financial Companies Lllp grew its holdings in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 383.3% in the third quarter, Holdings Channel reports. The institutional investor owned 36,946 shares of the company’s stock after acquiring an additional 29,301 shares during the quarter. Jones Financial Companies Lllp’s holdings in Federated Hermes U.S. Strategic Dividend ETF were worth $1,055,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FDV. Gateway Wealth Partners LLC increased its holdings in Federated Hermes U.S. Strategic Dividend ETF by 4.7% in the 2nd quarter. Gateway Wealth Partners LLC now owns 11,402 shares of the company’s stock worth $313,000 after acquiring an additional 508 shares in the last quarter. Bank of America Corp DE lifted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 29.3% during the second quarter. Bank of America Corp DE now owns 11,759 shares of the company’s stock valued at $323,000 after purchasing an additional 2,664 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 15.2% in the third quarter. Kingswood Wealth Advisors LLC now owns 11,442 shares of the company’s stock valued at $327,000 after purchasing an additional 1,508 shares during the period. Claro Advisors LLC increased its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 13.0% during the second quarter. Claro Advisors LLC now owns 19,310 shares of the company’s stock worth $530,000 after purchasing an additional 2,225 shares in the last quarter. Finally, Intrua Financial LLC raised its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 113.6% during the 2nd quarter. Intrua Financial LLC now owns 21,150 shares of the company’s stock worth $581,000 after purchasing an additional 11,250 shares during the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Trading Up 0.4%

FDV stock opened at $31.81 on Thursday. Federated Hermes U.S. Strategic Dividend ETF has a 12-month low of $24.39 and a 12-month high of $31.90. The stock has a market cap of $626.66 million, a price-to-earnings ratio of 16.95 and a beta of 0.63. The business’s 50-day moving average is $29.48 and its 200 day moving average is $28.82.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were paid a $0.0696 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%.

Federated Hermes U.S. Strategic Dividend ETF 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.