Federated Hermes U.S. Strategic Dividend ETF $FDV Shares Newly Acquired by Ledyard National Bank

Ledyard National Bank bought a new position in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,438,344 shares of the company’s stock, valued at approximately $33,873,000. Federated Hermes U.S. Strategic Dividend ETF comprises about 2.7% of Ledyard National Bank’s investment portfolio, making the stock its 8th largest holding. Ledyard National Bank owned about 4.96% of Federated Hermes U.S. Strategic Dividend ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FDV. Fifth Third Bancorp acquired a new stake in Federated Hermes U.S. Strategic Dividend ETF in the first quarter valued at approximately $108,000. Financial Council LLC bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the 1st quarter valued at $279,000. Essex Financial Services Inc. raised its holdings in shares of Federated Hermes U.S. Strategic Dividend ETF by 19.0% during the 1st quarter. Essex Financial Services Inc. now owns 13,983 shares of the company’s stock valued at $431,000 after purchasing an additional 2,234 shares in the last quarter. Citadel Advisors LLC lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 34.7% in the 2nd quarter. Citadel Advisors LLC now owns 14,993 shares of the company’s stock valued at $471,000 after purchasing an additional 3,860 shares during the last quarter. Finally, Intrua Financial LLC lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 7.2% in the 1st quarter. Intrua Financial LLC now owns 23,910 shares of the company’s stock valued at $736,000 after purchasing an additional 1,600 shares during the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Trading Up 2.2%

FDV stock opened at $34.30 on Friday. The firm has a market cap of $1.00 billion, a PE ratio of 16.95 and a beta of 0.51. Federated Hermes U.S. Strategic Dividend ETF has a 1 year low of $27.76 and a 1 year high of $35.11. The company has a fifty day simple moving average of $32.90 and a 200 day simple moving average of $32.16.

About Federated Hermes U.S. Strategic Dividend ETF

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.