Elevation Point Wealth Partners LLC Makes New $8.40 Million Investment in Federated Hermes MDT Small Cap Core ETF $FSCC

Elevation Point Wealth Partners LLC bought a new stake in Federated Hermes MDT Small Cap Core ETF (NYSEARCA:FSCC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 284,157 shares of the company’s stock, valued at approximately $8,402,000. Elevation Point Wealth Partners LLC owned approximately 15.79% of Federated Hermes MDT Small Cap Core ETF as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FSCC. Intellus Advisors LLC bought a new stake in Federated Hermes MDT Small Cap Core ETF during the third quarter worth $8,886,000. Essex Financial Services Inc. grew its stake in shares of Federated Hermes MDT Small Cap Core ETF by 28.4% in the 3rd quarter. Essex Financial Services Inc. now owns 25,129 shares of the company’s stock worth $743,000 after acquiring an additional 5,559 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Federated Hermes MDT Small Cap Core ETF by 353.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 417,496 shares of the company’s stock worth $12,345,000 after acquiring an additional 325,478 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Federated Hermes MDT Small Cap Core ETF in the third quarter valued at about $9,718,000. Finally, DAVENPORT & Co LLC bought a new position in shares of Federated Hermes MDT Small Cap Core ETF during the third quarter valued at about $202,000.

Federated Hermes MDT Small Cap Core ETF Stock Performance

Federated Hermes MDT Small Cap Core ETF stock opened at $29.51 on Friday. Federated Hermes MDT Small Cap Core ETF has a fifty-two week low of $20.35 and a fifty-two week high of $32.77. The firm’s 50-day simple moving average is $31.35 and its 200 day simple moving average is $30.30. The stock has a market cap of $109.19 million, a PE ratio of 15.80 and a beta of 1.42.

Federated Hermes MDT Small Cap Core ETF Company Profile

The Federated Hermes MDT Small Cap Core ETF (FSCC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is actively managed, investing primarily in small-cap US companies within the Russell 2000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management FSCC was launched on Jul 30, 2024 and is issued by Federated Hermes.