533,072 Shares in Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Federated Hermes U.S. Strategic Dividend ETF (NYSEARCA:FDV) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 533,072 shares of the company’s stock, valued at approximately $14,180,000. Raymond James Financial Inc. owned approximately 13.67% of Federated Hermes U.S. Strategic Dividend ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ascension Capital Advisors Inc. lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 3.5% in the fourth quarter. Ascension Capital Advisors Inc. now owns 1,110,399 shares of the company’s stock valued at $29,537,000 after buying an additional 37,756 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 287.5% in the fourth quarter. Truist Financial Corp now owns 260,399 shares of the company’s stock valued at $6,927,000 after buying an additional 193,203 shares in the last quarter. Lantz Financial LLC lifted its stake in shares of Federated Hermes U.S. Strategic Dividend ETF by 9.3% in the fourth quarter. Lantz Financial LLC now owns 243,605 shares of the company’s stock valued at $6,480,000 after buying an additional 20,793 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Federated Hermes U.S. Strategic Dividend ETF by 3.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 182,389 shares of the company’s stock valued at $4,852,000 after purchasing an additional 5,550 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Federated Hermes U.S. Strategic Dividend ETF by 0.3% during the third quarter. Rockefeller Capital Management L.P. now owns 136,825 shares of the company’s stock worth $3,819,000 after purchasing an additional 363 shares during the last quarter.

Federated Hermes U.S. Strategic Dividend ETF Stock Performance

Shares of FDV stock opened at $27.89 on Wednesday. Federated Hermes U.S. Strategic Dividend ETF has a 52-week low of $23.62 and a 52-week high of $28.90. The company has a 50-day simple moving average of $27.76 and a two-hundred day simple moving average of $27.67. The company has a market capitalization of $267.19 million, a price-to-earnings ratio of 21.00 and a beta of 0.69.

Federated Hermes U.S. Strategic Dividend ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were given a dividend of $0.0662 per share. This is an increase from Federated Hermes U.S. Strategic Dividend ETF’s previous dividend of $0.06. The ex-dividend date of this dividend was Friday, January 31st.

About Federated Hermes U.S. Strategic Dividend ETF

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.