Truist Financial Corp cut its stake in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB – Free Report) by 48.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,137 shares of the company’s stock after selling 29,808 shares during the quarter. Truist Financial Corp owned 0.19% of Federated Hermes Total Return Bond ETF worth $791,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Semmax Financial Advisors Inc. bought a new stake in shares of Federated Hermes Total Return Bond ETF in the second quarter worth approximately $123,000. Towerpoint Wealth LLC grew its stake in shares of Federated Hermes Total Return Bond ETF by 23.3% in the fourth quarter. Towerpoint Wealth LLC now owns 12,045 shares of the company’s stock worth $306,000 after acquiring an additional 2,274 shares during the period. First Citizens Financial Corp bought a new stake in shares of Federated Hermes Total Return Bond ETF in the fourth quarter worth approximately $494,000. Aurora Private Wealth Inc. bought a new stake in shares of Federated Hermes Total Return Bond ETF in the fourth quarter worth approximately $562,000. Finally, Wesbanco Bank Inc. grew its stake in shares of Federated Hermes Total Return Bond ETF by 72.6% in the third quarter. Wesbanco Bank Inc. now owns 36,315 shares of the company’s stock worth $922,000 after acquiring an additional 15,272 shares during the period.
Federated Hermes Total Return Bond ETF Price Performance
Shares of FTRB stock opened at $24.92 on Monday. The company has a 50 day moving average price of $25.22 and a 200-day moving average price of $25.40. Federated Hermes Total Return Bond ETF has a 52 week low of $24.62 and a 52 week high of $25.84. The firm has a market capitalization of $478.46 million, a PE ratio of 8.09 and a beta of 0.12.
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.
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