Retirement Planning Group LLC Invests $23.33 Million in Federated Hermes Total Return Bond ETF $FTRB

Retirement Planning Group LLC acquired a new stake in shares of Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 918,680 shares of the company’s stock, valued at approximately $23,325,000. Federated Hermes Total Return Bond ETF makes up about 0.8% of Retirement Planning Group LLC’s holdings, making the stock its 24th largest position. Retirement Planning Group LLC owned 6.91% of Federated Hermes Total Return Bond ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hills Bank & Trust Co lifted its holdings in Federated Hermes Total Return Bond ETF by 17.5% during the second quarter. Hills Bank & Trust Co now owns 2,307,838 shares of the company’s stock valued at $57,927,000 after purchasing an additional 343,359 shares in the last quarter. Broadway Wealth Solutions Inc. increased its stake in shares of Federated Hermes Total Return Bond ETF by 7.3% in the second quarter. Broadway Wealth Solutions Inc. now owns 896,317 shares of the company’s stock worth $22,498,000 after purchasing an additional 60,787 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Federated Hermes Total Return Bond ETF by 1,493.6% during the 2nd quarter. Raymond James Financial Inc. now owns 890,977 shares of the company’s stock valued at $22,364,000 after purchasing an additional 835,066 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Federated Hermes Total Return Bond ETF by 1.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 664,506 shares of the company’s stock valued at $16,679,000 after buying an additional 9,456 shares in the last quarter. Finally, Quantum Portfolio Management LLC lifted its stake in shares of Federated Hermes Total Return Bond ETF by 15.9% during the 2nd quarter. Quantum Portfolio Management LLC now owns 191,161 shares of the company’s stock valued at $4,798,000 after buying an additional 26,200 shares in the last quarter.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of FTRB stock opened at $25.43 on Wednesday. Federated Hermes Total Return Bond ETF has a 52-week low of $24.36 and a 52-week high of $25.84. The firm has a market capitalization of $356.02 million, a PE ratio of 8.09 and a beta of 0.14. The stock has a fifty day simple moving average of $25.49 and a two-hundred day simple moving average of $25.38.

About Federated Hermes Total Return Bond ETF

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.