Hills Bank & Trust Co Raises Stock Holdings in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB)

Hills Bank & Trust Co increased its holdings in Federated Hermes Total Return Bond ETF (NYSEARCA:FTRB) by 19.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,809,731 shares of the company’s stock after purchasing an additional 295,676 shares during the period. Federated Hermes Total Return Bond ETF makes up about 3.4% of Hills Bank & Trust Co’s holdings, making the stock its 7th biggest holding. Hills Bank & Trust Co owned approximately 51.71% of Federated Hermes Total Return Bond ETF worth $44,664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FTRB. Steward Partners Investment Advisory LLC purchased a new position in Federated Hermes Total Return Bond ETF during the 4th quarter valued at about $64,000. OLD Second National Bank of Aurora increased its position in Federated Hermes Total Return Bond ETF by 88.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 10,193 shares of the company’s stock valued at $252,000 after purchasing an additional 4,786 shares during the period. Sanctuary Advisors LLC bought a new position in Federated Hermes Total Return Bond ETF in the 4th quarter worth $333,000. Claro Advisors LLC lifted its position in shares of Federated Hermes Total Return Bond ETF by 5.9% in the 3rd quarter. Claro Advisors LLC now owns 18,000 shares of the company’s stock worth $464,000 after purchasing an additional 1,000 shares during the period. Finally, Hilltop Holdings Inc. bought a new stake in shares of Federated Hermes Total Return Bond ETF during the 3rd quarter valued at about $473,000.

Federated Hermes Total Return Bond ETF Price Performance

FTRB stock opened at $25.03 on Friday. The firm has a 50-day moving average of $24.81 and a 200 day moving average of $25.13. The company has a market cap of $249.80 million, a P/E ratio of 8.09 and a beta of 0.09. Federated Hermes Total Return Bond ETF has a 1 year low of $24.19 and a 1 year high of $26.24.

Federated Hermes Total Return Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were given a $0.0775 dividend. The ex-dividend date was Friday, January 31st.

Federated Hermes Total Return Bond ETF Profile

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.