Focused Alpha LLC Sells 276,906 Shares of Federated Hermes Total Return Bond ETF $FTRB

Focused Alpha LLC decreased its position in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 93.7% in the third quarter, Holdings Channel reports. The institutional investor owned 18,758 shares of the company’s stock after selling 276,906 shares during the period. Focused Alpha LLC’s holdings in Federated Hermes Total Return Bond ETF were worth $449,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTRB. Envestnet Asset Management Inc. raised its position in shares of Federated Hermes Total Return Bond ETF by 8.4% in the second quarter. Envestnet Asset Management Inc. now owns 874,340 shares of the company’s stock worth $21,942,000 after acquiring an additional 67,693 shares during the period. Wilkerson Advisory Group LLC boosted its stake in shares of Federated Hermes Total Return Bond ETF by 6.8% during the 1st quarter. Wilkerson Advisory Group LLC now owns 594,257 shares of the company’s stock worth $14,943,000 after acquiring an additional 37,775 shares in the last quarter. GTS Financial LLC purchased a new stake in shares of Federated Hermes Total Return Bond ETF during the 1st quarter worth about $12,548,000. Platform Technology Partners boosted its stake in shares of Federated Hermes Total Return Bond ETF by 5.4% during the 1st quarter. Platform Technology Partners now owns 480,861 shares of the company’s stock worth $12,091,000 after acquiring an additional 24,524 shares in the last quarter. Finally, Allegheny Financial Group grew its position in shares of Federated Hermes Total Return Bond ETF by 8.9% during the 1st quarter. Allegheny Financial Group now owns 364,934 shares of the company’s stock valued at $9,176,000 after acquiring an additional 29,776 shares during the period.

Federated Hermes Total Return Bond ETF Stock Down 0.3%

NYSEARCA:FTRB opened at $24.18 on Tuesday. Federated Hermes Total Return Bond ETF has a 52 week low of $23.86 and a 52 week high of $25.79. The stock’s 50-day moving average price is $24.44 and its 200-day moving average price is $24.85. The stock has a market capitalization of $710.89 million, a PE ratio of 8.09 and a beta of 0.13.

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.