Lantz Financial LLC Has $11.25 Million Position in Federated Hermes U.S. Strategic Dividend ETF $FDV

Lantz Financial LLC boosted its holdings in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) by 15.3% during the 4th quarter, Holdings Channel reports. The fund owned 393,055 shares of the company’s stock after acquiring an additional 52,130 shares during the quarter. Federated Hermes U.S. Strategic Dividend ETF comprises 2.4% of Lantz Financial LLC’s portfolio, making the stock its 7th largest holding. Lantz Financial LLC’s holdings in Federated Hermes U.S. Strategic Dividend ETF were worth $11,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in FDV. Raymond James Financial Inc. boosted its position in Federated Hermes U.S. Strategic Dividend ETF by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 2,233,799 shares of the company’s stock worth $63,931,000 after acquiring an additional 51,084 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of Federated Hermes U.S. Strategic Dividend ETF during the third quarter valued at $47,767,000. Great Valley Advisor Group Inc. raised its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 14.5% during the second quarter. Great Valley Advisor Group Inc. now owns 1,526,881 shares of the company’s stock valued at $41,929,000 after purchasing an additional 193,484 shares in the last quarter. Ascension Capital Advisors Inc. raised its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 0.4% during the third quarter. Ascension Capital Advisors Inc. now owns 1,131,697 shares of the company’s stock valued at $32,389,000 after purchasing an additional 4,094 shares in the last quarter. Finally, Fourpath Capital Management LLC lifted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 44.5% in the third quarter. Fourpath Capital Management LLC now owns 600,013 shares of the company’s stock worth $17,172,000 after purchasing an additional 184,640 shares during the period.

Federated Hermes U.S. Strategic Dividend ETF Price Performance

Shares of FDV opened at $30.53 on Monday. The firm has a 50-day moving average price of $30.98 and a 200 day moving average price of $29.47. The firm has a market capitalization of $601.44 million, a PE ratio of 16.95 and a beta of 0.63. Federated Hermes U.S. Strategic Dividend ETF has a 52-week low of $24.39 and a 52-week high of $35.11.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a $0.0624 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, February 27th.

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.