Thrivent Financial for Lutherans Takes Position in Federated Hermes U.S. Strategic Dividend ETF $FDV

Thrivent Financial for Lutherans acquired a new stake in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,669,008 shares of the company’s stock, valued at approximately $47,767,000. Thrivent Financial for Lutherans owned approximately 0.10% of Federated Hermes U.S. Strategic Dividend ETF as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kingswood Wealth Advisors LLC boosted its position in Federated Hermes U.S. Strategic Dividend ETF by 8.3% during the second quarter. Kingswood Wealth Advisors LLC now owns 9,934 shares of the company’s stock valued at $273,000 after buying an additional 758 shares during the period. Gateway Wealth Partners LLC lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 4.7% in the 2nd quarter. Gateway Wealth Partners LLC now owns 11,402 shares of the company’s stock valued at $313,000 after purchasing an additional 508 shares during the period. Bank of America Corp DE boosted its stake in Federated Hermes U.S. Strategic Dividend ETF by 29.3% during the second quarter. Bank of America Corp DE now owns 11,759 shares of the company’s stock worth $323,000 after acquiring an additional 2,664 shares in the last quarter. Claro Advisors LLC boosted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 13.0% in the second quarter. Claro Advisors LLC now owns 19,310 shares of the company’s stock worth $530,000 after acquiring an additional 2,225 shares in the last quarter. Finally, Intrua Financial LLC lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 113.6% in the second quarter. Intrua Financial LLC now owns 21,150 shares of the company’s stock worth $581,000 after buying an additional 11,250 shares in the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Stock Up 0.5%

Shares of NYSEARCA FDV opened at $30.42 on Tuesday. The firm’s 50-day moving average price is $29.11 and its 200-day moving average price is $28.67. The company has a market cap of $605.36 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 $30.46.

Federated Hermes U.S. Strategic Dividend ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were issued a $0.0696 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a yield of 2.7%.

Federated Hermes U.S. Strategic Dividend ETF Company 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.