Federated Hermes Total Return Bond ETF $FTRB Shares Purchased by Platform Technology Partners

Platform Technology Partners raised its position in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 15.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 319,850 shares of the company’s stock after purchasing an additional 42,758 shares during the period. Federated Hermes Total Return Bond ETF comprises approximately 1.9% of Platform Technology Partners’ holdings, making the stock its 10th largest position. Platform Technology Partners’ holdings in Federated Hermes Total Return Bond ETF were worth $8,121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Retirement Planning Group LLC acquired a new position in shares of Federated Hermes Total Return Bond ETF in the 3rd quarter valued at $23,325,000. Raymond James Financial Inc. boosted its stake in 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 worth $22,364,000 after purchasing an additional 835,066 shares during the period. Hills Bank & Trust Co grew its position in Federated Hermes Total Return Bond ETF by 17.5% during the 2nd quarter. Hills Bank & Trust Co now owns 2,307,838 shares of the company’s stock worth $57,927,000 after purchasing an additional 343,359 shares during the last quarter. Truist Financial Corp purchased a new position in Federated Hermes Total Return Bond ETF during the 2nd quarter worth $4,184,000. Finally, Broadway Wealth Solutions Inc. increased its stake in 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 valued at $22,498,000 after purchasing an additional 60,787 shares during the period.

Federated Hermes Total Return Bond ETF Stock Performance

Shares of NYSEARCA:FTRB opened at $25.37 on Tuesday. Federated Hermes Total Return Bond ETF has a one year low of $24.40 and a one year high of $25.84. The stock has a market capitalization of $431.29 million, a price-to-earnings ratio of 8.09 and a beta of 0.14. The company has a 50-day simple moving average of $25.49 and a 200-day simple moving average of $25.39.

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.